Companies news of 2008-04-21 (page 4)
Ruckus Wireless Unveils Industry's Simplest, Most Cost-Effective 802.11n SmartMesh(TM)...
National Semiconductor Introduces Industry's Smallest Step-Down Switching Regulators for...
World Financial Group, Inc. Automates Its Sales Process With CIC's eSignature...
WD(R) Announces WD VelociRaptor(TM) - The World's Fastest SATA Hard DriveNext-generation...
SAIC Completes Acquisition of Icon Systems, Inc.
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Ruckus Wireless Unveils Industry's Simplest, Most Cost-Effective 802.11n SmartMesh(TM) Wireless LANPlug-n-Play SmartMesh Technology Changes the Economics of Extended WLAN Deployments by Eliminating New Cabling and RF Planning Costs
SUNNYVALE, Calif., April 21 /PRNewswire/ -- Ruckus Wireless today introduced the first Smart Wi-Fi meshing technology, called SmartMesh, which enables enterprises to deploy extensive wireless LANs (WLANs) in half the time at half the cost, and get three times the performance of typical WLANs.
In addition the company said that Lodgian, Inc. , one of the largest independent owners and operators of full-service hotels in the United States, is among the first companies to deploy the Ruckus SmartMesh and 802.11n solutions.
SmartMesh extends patented Ruckus Smart Wi-Fi technology to enable a new class of simple yet robust WLANs that self-organize, self-optimize, and self- heal, eliminating costly, inconvenient cabling to every Wi-Fi access point (AP) and complex, labor-intensive RF planning. Combined with the award- winning Ruckus ZoneFlex 802.11n access point, a SmartMesh WLAN offers unprecedented performance, coverage and capacity scaling, paving the way to ubiquitous mobility for the enterprise.
In addition to SmartMesh, Ruckus Wireless also introduced:
-- ZoneDirector 3000, a line of scalable, easy-to-use enterprise WLAN
controllers for Ruckus ZoneFlex APs
-- Ruckus FlexMaster remote Wi-Fi management system for centralized
management of ZoneFlex APs and/or WLANs over a wide area IP network.
Ruckus will show the first public demonstration of its ground-breaking 802.11n SmartMesh technology with the ZoneFlex Smart Wireless LAN system at INTEROP Las Vegas, April 28-May 1. To schedule a private demo go to http://www.ruckuswireless.com/interop2008/.
"Ruckus SmartMesh and 802.11n change the game for enterprises deploying or extending wireless LANs," said Selina Lo, president and CEO of Ruckus Wireless. "With Ruckus SmartMesh, enterprises have a compelling new economic and deployment model for building enterprise-wide wireless LANs that are reliable enough to replace the wired LANs. This new model drastically reduces operating costs and eliminates the 'black magic' associated with planning, deploying and scaling extensive Wi-Fi networks." Lo identified three missing ingredients that have stymied the deployment of wireless meshing within the enterprise: 1) scalable capability, 2) easy deployment and 3) low maintenance.
Similar to the introduction and evolution of Gigabit Ethernet, an 802.11n SmartMesh lets enterprises realize immediate value for 802.11n within their network - even before 802.11n clients become pervasive.
"802.11n is ready and perfect today as a high-speed wireless backbone to aggregate lower-speed Wi-Fi clients," Lo noted. "We've gone a step further to remove the complexity in deploying and operating wireless meshing. The same Ruckus Smart Wi-Fi technology in the Ruckus AP that selects best signal paths
has now been extended to SmartMesh to provide automatic network-wide optimum path selection and interference mitigation," Lo concluded.
Ruckus SmartMesh technology is ideal for enterprises, hotels, schools, hospitals, warehouses, multi-dwelling units, and other environments where Ethernet cabling may not be ubiquitous.
Lodgian, Inc. is retrofitting its hotels with the Ruckus SmartMesh solution to provide ubiquitous Wi-Fi through its properties. Within the 180- room Buckhead Courtyard Marriott hotel, Lodgian has deployed the Ruckus SmartMesh to provide high-performance Wi-Fi connectivity to every inch of the property.
"Our hotels are very large properties where pulling cabling everywhere just isn't physically or economically feasible," said James MacLennan, Executive Vice President and Chief Financial Officer at Lodgian. "The Smart Wi-Fi system from Ruckus Wireless eliminates much of the labor and capital costs associated with deploying a conventional Wi-Fi network and service while delivering a much better user experience that exceeds their expectations."
Fast Meshing That Minds Itself
Ruckus SmartMesh is based on intelligent beam steering technology pioneered by Ruckus Wireless called Smart Wi-Fi.
Ruckus Smart Wi-Fi controls the form and direction of Wi-Fi signals, adapting them in real-time to the changing RF environment due to interference, distance and physical obstructions. This enables a wireless LAN with unprecedented reliability, extended coverage and consistent performance.
Ruckus Smart Wi-Fi technology is essential to creating and maintaining a high performance mesh. Extended signal range minimizes the number of mesh nodes needed for a given coverage area. This in turn reduces the associated "hop" delay that can reduce client throughput by 50 percent or more per hop. Additionally, automatic interference avoidance and optimum path selection enables the SmartMesh to deliver consistently high performance. A Ruckus 802.11n SmartMesh AP is capable of delivering higher throughput than a standard 802.11g wired AP even across two mesh hops.
The use of Smart Wi-Fi antennas also minimizes neighbor node interference within the mesh -- unlike omni-directional antennas that radiate signals in all directions all the time, Smart Wi-Fi signals are directed specifically to the receiver only for the duration of a transmission.
SmartMesh Transforms the Model for WLAN Deployment and Operation
A software upgrade for the Ruckus ZoneDirector family of WLAN controllers, Ruckus SmartMesh simplifies the deployment of wireless LANs by eliminating the requirement to run Ethernet cables to every Wi-Fi access point.
Unlike any other wireless meshing alternative, Ruckus SmartMesh was designed for simplicity and performance. In a matter of minutes administrators can easily enable SmartMesh through a point-and-click graphical user interface (GUI) on the Ruckus ZoneDirector. APs are automatically configured and managed by the ZoneDirector. Network provisioning, optimization and RF tuning are also automatic. Administrators can place SmartMesh access points where needed and walk away.
Unlike other wireless mesh approaches, Ruckus SmartMesh creates the optimum network topology by continually determining the best path to clients as well as among mesh backhaul nodes. Self-healing around RF problems and auto-recovery in the event of an AP failure ensure high availability of the SmartMesh. A graphical map provides a complete view of the mesh topology at any given moment.
Truth in Numbers
Today, the cost of a typical 500-user WLAN using the industry's most popular enterprise 802.11g WLAN systems is approximately $35,000. This includes 25 access points each costing $700, a single WLAN controller priced at $15,000 and 25 Ethernet drops (labor included) costing $150 each.
In contrast, an equivalent Ruckus SmartMesh solution with faster 802.11n technology is under $15,000 and can be installed in half the time without the need for extensive wiring and site planning. Due to its extended range and performance, the Ruckus SmartMesh solution requires only 15 access points,
each costing $699, five Ethernet drops at $150/piece and a Smart WLAN controller for $3,500.
Scalable WLANs Are Now Easy with the ZoneDirector 3000 and the FlexMaster
Along with SmartMesh, Ruckus Wireless is introducing a new line of scalable enterprise-class Smart WLAN controllers, the ZoneDirector 3000. Supporting up to 250 ZoneFlex access points, the ZoneDirector 3000 is a robust Smart WLAN controller for large enterprise environments.
In addition, all ZoneDirectors and/or ZoneFlex APs are now manageable through the Ruckus FlexMaster Wi-Fi management system. Now enterprises can securely manage remote smart WLANs and APs in regional or branch offices from a single point over the Internet or private IP networks.
Pricing and Availability
SmartMesh is available immediately as a free software upgrade (ZoneDirector 6.0 software) to premium support customers with Ruckus ZoneDirector Smart WLAN controllers. SmartMesh can be used with the entire family of Ruckus ZoneFlex 802.11g/n Smart Wi-Fi access points.
Available in July, the ZoneDirector 3000 starts at US $6,000 for 25 APs.
The FlexMaster management system is available now for ZoneFlex APs starting at US$5,000 for 100 APs. FlexMaster managing ZoneDirectors will be available in July.
About Ruckus Wireless, Inc.
Based in Sunnyvale, California, Ruckus Wireless is a next-generation Wi-Fi company credited with pioneering "Smart Wi-Fi" technology. Named a 2007 Technology Pioneer by the World Economic Forum, Ruckus Wireless was formed in 2004 at Sequoia Capital. The company designs, develops and markets industrial- strength Wi-Fi systems that provide reliable distribution of delay-sensitive multimedia content and services over standard 802.11 technology. Its flagship product, ZoneFlex, is the first wireless LAN system to combine the best in centralized wireless LAN principles with state-of-the-art Wi-Fi advances such as smart antenna arrays and wireless meshing. Its MediaFlex line of multimedia wireless routers is used by more than 125 broadband operators around the world to extend digital services such as IPTV throughout the home without wires. The company's patented hardware and software technologies deliver predictable performance, extended range and real-time adaptability to changing Wi-Fi environments. The company has raised approximately $42 million in financing from premier venture capital investors, consumer electronics companies and broadband operators such as Motorola, T-Ventures, Telus, Sutter Hill Ventures, Mitsui, Sequoia and others. Ruckus Wireless is led by President and CEO Selina Lo. For more information, visit the company's Web site at http://www.ruckuswireless.com/.
Media Contacts
David Callisch
Ruckus Wireless
david@ruckuswireless.com
+1-408-504-5487 mobile
Ruckus Wireless, Inc.
CONTACT: David Callisch of Ruckus Wireless, +1-408-504-5487, david@ruckuswireless.com
Web site: http://www.ruckuswireless.com/
National Semiconductor Introduces Industry's Smallest Step-Down Switching Regulators for Handheld Devices and Automotive Power AdaptersPowerWise Buck Regulators Supply up to 1.2A and Feature Intelligent Current Limiting and Over-Voltage Protection
SANTA CLARA, Calif., April 21 /PRNewswire-FirstCall/ -- National Semiconductor Corp. today announced two new step-down switching regulators well-suited for handheld devices and automotive power adapters. The highly integrated LM34917A and LM34919, members of National's PowerWise(R) energy-efficient product family, are the industry's smallest non-synchronous buck regulators to feature a supply voltage rating up to 50V, 1.25A continuous output current, intelligent current limiting and over-voltage protection.
National's new LM34917A and LM34919 feature programmable switching frequency up to 2 MHz. The products integrate MOSFET switches to reduce system component count, and a high switching frequency enables use of ultra-small inductors and capacitors for very small solution size.
The LM34917A and LM34919 utilize a constant on-time (COT) control scheme, which requires no loop compensation. The regulators are well-suited for use in applications that require high-input voltage regulations such as MP3 players utilizing Firewire connectivity (IEEE1394) as well as MP3 players or auxiliary power adapters with direct connection to a 12V (universal) automotive power outlet where transient protection requirements can exceed 40V.
The LM34917A and LM34919 feature peak efficiency equal to or greater than 90 percent, positioning it among National's PowerWise(R) family of energy-efficient products. The products feature ultra-small micro SMD packaging and extend National's buck regulator product line which includes the LM2694, LM34910 and LM34914 buck regulators offered in LLP(R) packaging.
Key Features and Benefits of the LM34917A and LM34919 Buck Regulators
The LM34917A and LM34919 step-down switching regulators feature all of the functions needed to implement a low-cost, efficient buck bias regulator.
The LM34917A buck regulator supplies up to 1.25A to the load. It contains an N-Channel MOSFET buck switch and is available in a 12-pin, 2 mm by 2.3 mm micro SMD package. In addition to no loop compensation, the COT feedback regulation scheme also results in fast load transient response and simplifies circuit implementation. The operating frequency remains constant with line and load variations due to the inverse relationship between the input voltage and the on-time. The valley current limit results in a smooth transition from constant voltage to constant-current mode without foldback when the output is overloaded. Additional features include VCC under-voltage lockout, thermal shutdown, gate drive under-voltage lockout and maximum duty cycle limiter.
The LM34919 buck regulator supplies up to 0.6A to the load and features the constant on-time feedback regulation scheme of the LM34917A. The LM34919 is offered in a 10-pin, 1.5 mm by 2 mm micro SMD package.
For more information on the LM34917A and LM34919 or to order samples and an evaluation board, visit http://www.national.com/pf/LM/LM34917A.html and http://www.national.com/pf/LM/LM34919.html.
Packaging and Pricing
Available now, the LM34917A is priced at $1.35 each and the LM34919 is priced at $1.05 each. All prices are in 1,000-unit quantities.
Note to editors: To view a high-resolution downloadable photo of these products, visit National's photo gallery at http://www.national.com/company/pressroom/gallery/power.html.
About National's Power Management Products
National solves power management design problems in space- and energy-constrained applications from feature-rich handheld devices through large line-powered systems. From the novice power designer to the power expert, National's products, people and design tools enable customers to design green-powered systems with complex power supplies in the shortest amount of time. High-performance products include switching regulators such as National's flagship SIMPLE SWITCHER(R) family, and application-specific products including white-LED drivers and Power-over-Ethernet controllers. More information about National's power management products is available at http://power.national.com/.
About National's PowerWise Brand
National's PowerWise brand reflects the company's energy-efficient product portfolio. It signifies products with outstanding performance-to-power at the component level, as well as products that provide an outstanding, energy-efficient solution when coupled with other National parts. National's PowerWise family of products features energy-efficient power management, operational amplifiers, interface and data conversion products. For more information about National's PowerWise brand, visit: http://www.national.com/powerwise.
About National Semiconductor
National Semiconductor, the industry's premier analog company, creates high-value analog devices and subsystems. National's leading-edge products include power management circuits, display drivers, audio and operational amplifiers, interface products and data conversion solutions. National's key analog markets include wireless handsets, displays, communications infrastructure, medical, automotive, industrial, and test and measurement applications. Headquartered in Santa Clara, Calif., National reported sales of $1.93 billion for fiscal 2007, which ended May 27, 2007. Additional company and product information is available at http://www.national.com/.
National Semiconductor, SIMPLE SWITCHER, LLP and PowerWise are registered trademarks of National Semiconductor Corporation. All other brands or product names are trademarks or registered trademarks of their respective holders.
Media Contact Reader Information
Gayle Bullock Design Support Group
National Semiconductor (800) 272-9959
(408) 721-2033 http://www.national.com/
gayle.bullock@nsc.com
National Semiconductor Corp.
CONTACT: Media, Gayle Bullock of National Semiconductor Corp., +1-408-721-2033, gayle.bullock@nsc.com; or Reader Information, Design Support Group, 1-800-272-9959
Web site: http://www.national.com/
World Financial Group, Inc. Automates Its Sales Process With CIC's eSignature SolutionWFG's Independent Associates to Fully Leverage New Paperless Process
REDWOOD SHORES, Calif. and DULUTH, Ga., April 21 /PRNewswire-FirstCall/ -- World Financial Group, Inc. (WFG), a financial services marketing company, and Communication Intelligence Corporation (BULLETIN BOARD: CICI) ("CIC"), a leading supplier of electronic signature solutions for business process automation in the financial industry and the recognized leader in biometric signature verification announced the implementation of CIC's electronic and biometric solutions for WFG's electronic application platform: AppVantage at WFG's Convention of Champions 2008 in Los Angeles in early March.
Built on CIC's electronic signature solutions and EbixExchange's LifeSpeed platform, WFG's AppVantage, the web-based insurance solution is offered as a Software-as-a-Service (SaaS) software delivery model providing WFG with an alternative easy-to-use, secure, and reliable enterprise quality solution accessible via the Internet.
WFG launched its electronic application platform for its independent sales associates at its annual convention on March 5-8, 2008. AppVantage will be rolled out initially to WFG's United States associates, with plans to release the AppVantage platform in Canada later this year.
"We're tremendously excited about our release of the new AppVantage platform and are very pleased to have CIC's electronic signature solutions supporting the process," stated Paul Mineck, WFG Vice-President of Administration. "The financial services industry is administratively burdensome and very paper-intensive. AppVantage will streamline our sales process and create electronic efficiencies for our associates, allowing them to better use their time and energy to focus on serving the financial needs of middle-income families across North America."
"We are proud that WFG has selected and deployed CIC's eSignature solutions for its thousands of associates to automate and streamline account processes, and help them to proactively meet their compliance needs," stated Guido DiGregorio, CIC's Chairman & CEO. "We look forward to the opportunity to work with WFG to determine where greater use of our technology can help provide the value added capabilities of biometric and electronic signatures for its clients."
CIC's Sign-it(R) products provide a multi-modal eSignature solution that enables organizations to sign documents and transactions in virtually any environment, leveraging CIC's patented eSignature process. It provides the ability to quickly and easily configure various electronic signature methods including: click-to-sign, PKI, seals, biometric handwritten, voice and fingerprint, to fit the unique requirements of specific transactions.
About World Financial Group
World Financial Group, Inc. (WFG) is a financial services marketing company whose affiliates offer life insurance and a broad array of financial products and services. Driven by its mission to create financially independent families positioned to realize their dreams, WFG's independent associates strive to help individuals and families who are often overlooked by the financial services industry to plan for their financial futures and work toward their goals. With agreements between WFG's affiliated companies and several of the financial and insurance industries' leading companies, World Financial Group advocates the power of choice for its clients. Securities are offered through World Group Securities, Inc. (WGS), Member FINRA/SIPC. Insurance products are offered through World Financial Group Insurance Agency, Inc. (WFGIA) or its subsidiaries. WFG, WGS, WFGIA are affiliated companies.
As AEGON companies, World Financial Group (WFG), World Group Securities (WGS) and World Financial Group Insurance Agency, Inc. (WFGIA) are part of one of the world's leading life insurance and pension organizations, and a provider of investment products.
Headquarters: 11315 Johns Creek Parkway, Duluth, GA 30097-1517, PO Box 100035, Duluth, GA 30096-9403. Phone: 770.453.9300. For more information, visit WFG's website at http://www.worldfinancialgroup.com/
About CIC
Communication Intelligence Corporation ("CIC") is a leading supplier of electronic signature solutions for business process automation in the Financial Industry and the recognized leader in biometric signature verification. CIC's products enable companies to achieve truly paperless work flow in their eBusiness processes by enabling them with "The Power to Sign Online(R)" with multiple signature technologies across virtually all applications. Industry leaders such as AIG, Charles Schwab, Prudential, Nationwide (UK), Snap-on Credit and Wells Fargo chose CIC's products to meet their needs. CIC sells directly to enterprises and through system integrators, channel partners and OEMs. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. For more information, please visit our website at http://www.cic.com/
Forward Looking Statement
Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect the Company's business; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.
CIC, its logo, Sign-it and the Power to Sign Online are registered trademarks. All other trademarks and registered trademarks are the property of their respective holders.
Contact Information
CIC
Investor Relations Inquiries:
Chantal Eshghipour
650-802-7740
investorrelations@cic.com
World Financial Group
Linda Bays Powers
770-248-3344
lpowers@aegonusa.com
Communication Intelligence Corporation
CONTACT: Investor Relations, Chantal Eshghipour of Communication Intelligence Corporation, +1-650-802-7740, investorrelations@cic.com; or Linda Bays Powers of World Financial Group, +1-770-248-3344, lpowers@aegonusa.com
Web site: http://www.cic.com/ http://www.worldfinancialgroup.com/
WD(R) Announces WD VelociRaptor(TM) - The World's Fastest SATA Hard DriveNext-generation 10,000 RPM, 2.5-inch, 300 GB SATA Hard Drive, WD VelociRaptor is 35 Percent Faster and Twice the Capacity of the Previous Performance King
LAKE FOREST, Calif., April 21 /PRNewswire-FirstCall/ -- WD(R) announced today that it is now shipping WD VelociRaptor(TM) hard drives, the next generation of its 10,000 RPM SATA "Raptor" series of drives. Designed with an enterprise-class foundation, the new WD VelociRaptor hard drive is modified specifically for PC and Mac(R) enthusiasts and professional workstations. Destined to become the new high-performance favorite of these groups, the WD VelociRaptor hard drive comes packed with twice the capacity and a 35 percent performance increase over the previous generation.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080421/LAM049)
From the bloodlines of the WD Raptor, the most popular hard drive for high-performance enthusiasts who demand the ultimate SATA drive, the WD VelociRaptor hard drive is built with enterprise-class mechanics and packs 300 GB of storage capacity into a 2.5-inch enterprise form factor. The 2.5-inch WD VelociRaptor drive is enclosed in the IcePack(TM), a 3.5-inch mounting frame with a built-in heat sink -- a customization that fits the drive into a standard 3.5-inch system bay and keeps this powerful drive extra cool when installed in a high-performance desktop chassis.
"Demand for ever-higher PC performance continues to increase and WD is the leader in this category with the WD Raptor. We created WD VelociRaptor hard drives to lead PC enthusiasts into the next era of PC and Mac storage performance and satisfy their insatiable thirst for computing speed," said Tom McDorman, vice president and general manager of WD's enterprise business unit. "The new WD VelociRaptor delivers the greatest performance and reliability of all SATA hard drives currently on the market."
WD VelociRaptor is the next step up for the speed-craving PC enthusiast, and as with all WD drives, attention to detail in features, performance and reliability is a top priority. Features of the new WD VelociRaptor hard drives include:
Killer Speed -- Built on the performance of the WD Raptor, these 10,000
RPM drives, with SATA 3 Gb/s interface, and 16 MB cache deliver mind-
bending performance.
Rock-solid Reliability -- WD VelociRaptor drives are designed and
manufactured to business-critical, enterprise-class standards to provide
enterprise reliability in high duty cycle environments. The design
results in the highest available reliability rating of any SATA drive at
1.4 million hours MTBF.
IcePack Mounting Frame -- The 2.5-inch WD VelociRaptor drives are
enclosed in a 3.5-inch enterprise-class mounting frame with a built-in
heat sink that keeps this powerful little drive extra cool when installed
in high-performance desktop chassis.
Rotary Acceleration Feed Forward (RAFF(TM)) -- Optimizes performance when
the drives are used in vibration-prone, multi-drive chassis.
SecurePark(TM) -- Parks the recording heads off the disk surface during
spin up, spin down and when the drive is off. This ensures the recording
head never touches the disk surface, resulting in improved long-term
reliability and increased drive protection when the chassis is moved.
Price and Availability
WD VelociRaptor (model WD3000GLFS) hard drives will be available on Alienware's high-performance ALX gaming desktop by the end of April. At launch, Alienware will offer maximum performance with two 300 GB WD VelociRaptor hard drives in RAID 0 configuration on http://www.alienware.com/. WD VelociRaptor hard drives will be shipping exclusively through Alienware this month and will be available through the company's online store (http://www.shopwd.com/) and at select distributors and resellers mid-May. Manufacturer's Suggested Retail Price (MSRP) for the WD VelociRaptor 300 GB is $299.99 USD. More information about WD VelociRaptor hard drives may be found on the company's Web site at http://www.wdc.com/en/products/Products.asp?DriveID=459.
About WD
WD, one of the storage industry's pioneers and long-time leaders, provides products and services for people and organizations that collect, manage and use digital information. The company produces reliable, high-performance hard drives that keep users' data accessible and secure from loss. WD applies its storage expertise to consumer products for external, portable and shared storage applications.
WD was founded in 1970. The company's storage products are marketed to leading systems manufacturers, selected resellers and retailers under the Western Digital and WD brand names. Visit the Investor section of the company's Web site (http://www.westerndigital.com/) to access a variety of financial and investor information.
This press release contains forward-looking statements, including statements relating to increasing demand for PC performance and expected shipment and availability dates for WD VelociRaptor. The forward-looking statements are based on WD's current expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including related to: changes in business conditions; changes in the availability and cost of commodity materials and product components that WD does not make internally; and other risks and uncertainties listed in WD's recent Form 10-Q filed with the SEC on February 5, 2008, to which your attention is directed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and WD undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.
Western Digital, WD, the WD logo and WD Raptor are registered trademarks of Western Digital Technologies, Inc. WD VelociRaptor, IcePack, RAFF and SecurePark are trademarks of Western Digital Technologies, Inc. One gigabyte (GB) = 1 billion bytes. One terabyte (TB) = one trillion bytes. Total accessible capacity varies depending on operating environment.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000711/WDCLOGO)
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080421/LAM049 http://www.newscom.com/cgi-bin/prnh/20000711/WDCLOGO PRN Photo Desk, photodesk@prnewswire.com
Western Digital Technologies, Inc.
CONTACT: Heather Skinner, Public Relations, +1-949-672-7920, heather.skinner@wdc.com, or Bob Blair, Investor Relations, +1-949-672-7834, robert.blair@wdc.com, both of WD
Web site: http://www.westerndigital.com/
SAIC Completes Acquisition of Icon Systems, Inc.
SAN DIEGO and MCLEAN, Va., April 21 /PRNewswire-FirstCall/ -- Science Applications International Corporation announced today that it has completed the acquisition of Icon Systems, Inc. (Icon), a recognized leader in the design, development and production of state-of-the-art laser-based systems and products for military training and testing. This acquisition strengthens SAIC's position in the live training environment and enables the company to provide a more comprehensive array of capabilities in this arena.
Headquartered in San Diego with more than 100 employees, Icon's capabilities include expertise in Multiple Integrated Laser Engagement System (MILES) and Tactical Engagement Simulation System (TESS) technologies for individual combatant and platform live training.
Icon will function as an operation within SAIC's Analysis, Simulations, Systems, Engineering and Training business unit, and will operate under the continuing leadership of Himanshu Parikh, Icon's co-founder and chief executive officer.
"This acquisition represents a significant step toward our goal to advance our live training offerings," said Beverly Seay, SAIC senior vice president and business unit general manager. "The need for this type of simulated training will continue to grow across the military services because it is critical to preparing the warfighter for success in combat. This is a solid strategic move that gives us significant opportunities to help our customers -- both national and international -- enhance warfighter readiness and effectiveness."
About SAIC
SAIC is a FORTUNE 500(R) scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure and health. The company's approximately 44,000 employees serve customers in the Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. SAIC had annual revenues of $8.9 billion for its fiscal year ended January 31, 2008. For more information, visit http://www.saic.com/.
SAIC: From Science to Solutions(R)
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward- looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2008, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
Contact: Melissa Koskovich Laura Luke
703-676-6762 703-676-6533
koskovichm@saic.com laura.luke@saic.com
SAIC
CONTACT: Melissa Koskovich, +1-703-676-6762, koskovichm@saic.com, or Laura Luke, +1-703-676-6533, laura.luke@saic.com, both of SAIC
Web site: http://www.saic.com/
RRsat Schedules First Quarter 2008 Results Release for Monday, May 5, 2008Conference Call Scheduled for May 5, 2008 at 9:00am ET
OMER, Israel, April 21 /PRNewswire-FirstCall/ -- RRsat Global Communications Network Ltd. , a rapidly growing provider of comprehensive content management and global distribution services to the television and radio broadcasting industries, announced today that it will be releasing its first quarter 2008 results on Monday, May 5, 2008 before US markets open.
The Company will also be hosting a conference call on the same day, at 9:00 am ET. On the call, Mr. David Rivel, Founder & CEO and Mr. Gil Efron, CFO will review and discuss the results and will be available to answer investor questions.
To participate, please call one of the following teleconferencing numbers. Please begin placing your calls at least 10 minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.
US Dial-in Number: 1-888-407-2553
UK Dial-in Number: 0-800-917-9141
Israel Dial-in Number: 03-918-0610
International Dial-in Number: +972-3-918-0610
at:
9:00 am Eastern Time; 6:00 am Pacific Time; 2:00 pm UK Time;
4:00 pm Israel Time
A replay of the call will be available from the day after the call. A link to the replay will be accessible from RRsat's website at: http://www.rrsat.com/. In addition, a telephone replay will be available for two days following the call. To access the telephone replay dial one of the following numbers: +1-877-456-0009 (US) and +972-3-925-5928 (International).
About RRsat Global Communications Network Ltd.
RRsat Global Communications Network Ltd. provides global, comprehensive, content management and distribution services to the rapidly expanding television and radio broadcasting industries. Through its proprietary "RRsat Global Network," composed of satellite and terrestrial fiber optic transmission capacity and the public Internet, RRsat is able to offer high-quality and flexible global distribution services for content providers. RRsat's comprehensive content management services include producing and playing out TV content as well as providing satellite newsgathering services (SNG). RRsat concurrently provide these services to more than 425 television and radio channels, covering more than 150 countries. Visit the company's website http://www.rrsat.com/ for more information.
Company Contact Information:
Gil Efron, CFO
Tel: +972-8-861-0000
Email: investors@rrsat.com
External Investor Relations Contacts:
Ehud Helft / Fiona Darmon
Tel: +1-646-797-2868
RRsat Global Communications Network Ltd
CONTACT: Company Contact Information: Gil Efron, CFO, Tel: +972-8-861-0000, Email: investors@rrsat.com; External Investor Relations Contacts: Ehud Helft / Fiona Darmon, Tel: +1-646-797-2868
KVH Receives $6 Million Fiber Optic Gyro Order from Kongsberg Defence & AerospaceKongsberg to integrate KVH precision fiber optic gyros (FOGs) in stabilized remote weapons
MIDDLETOWN, R.I., April 21 /PRNewswire-FirstCall/ -- KVH Industries, Inc., today announced that it has received a $6 million order for its precision DSP-3100 fiber optic gyros (FOGs) from Kongsberg Defence & Aerospace for use in the Protector family of remote weapon stations. The contract is subject to the successful completion of DSP-3100 testing and qualification. This order represents an initial procurement of DSP-3100 FOGs with shipments scheduled to begin during the third quarter of 2008.
"This clearly establishes KVH's fiber optic gyros as a premier source for stabilization and pointing sensors to support these mission-critical applications," remarked Martin Kits van Heyningen, KVH's chief executive officer. "Our FOGs have proven themselves over the course of the last two years by playing an integral role on similar stabilized weapon systems already fielded in Iraq and elsewhere. We look forward to building upon our relationship with Kongsberg as worldwide demand for this critical military equipment expands."
The Protector family of remote weapon stations substantially improves crew safety and weapon accuracy by allowing gunners to operate, aim, and fire the weapon from inside the safety of their vehicles, taking the gunners out of turret positions where they are exposed to hostile fire. Kongsberg's Protector will rely on three of KVH's new DSP-3100 FOGs to provide precise stabilization and weapon recoil control while ensuring that the weapon stays on target whether the vehicle is stationary or on the move.
With its all-fiber design and patented Digital Signal Processing (DSP) technology, KVH's DSP-3100 FOG offers high reliability, superior accuracy and performance, and exceptional vibration, shock, and acceleration survivability at an affordable cost. KVH's fiber optic guidance and sensor systems are used in an array of commercial and defense-related stabilization, navigation, autonomous vehicle, and precision guidance applications.
KVH's fiber optic gyro resource page -- http://www.fiberopticgyro.com/ -- offers additional details regarding KVH's fiber optic gyro solutions.
Visit http://www.kongsberg.com/ for additional information about Kongsberg and its Protector family of remote weapon stations.
Note to Editors: High-resolution photos of the DSP-3100 fiber optic gyro are available at http://press.kvh.com/ for download and editorial use.
About KVH Industries, Inc.
KVH Industries, Inc., is a premier manufacturer of systems to provide access to live mobile media ranging from satellite TV to telephone and high-speed Internet for vehicles and vessels as well as a leading source of navigation, pointing, and guidance solutions for maritime, defense, and commercial applications. The company's products are based on its proprietary mobile satellite antenna and fiber optic technologies. An ISO 9001-certified company, KVH is based in Middletown, Rhode Island.
This release may contain certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, for example, the functionality, characteristics, quality and performance of KVH's products and technology; and customer preferences, requirements and expectations. The actual results could differ materially. Factors that may cause such differences include, among others, uneven military sales cycles, changes in military fielding and equipment requirements, and changes in international situations, as well as those discussed in KVH's most recent Form 10-K filed with the SEC. KVH does not assume any obligation to update its forward-looking statements to reflect new information or developments.
KVH is a registered trademark of KVH Industries, Inc. All other trademarks are the property of their respective companies.
KVH Industries, Inc.
CONTACT: Chris Watson of KVH Industries, Inc., +1-401-845-8138, cwatson@kvh.com
Web site: http://www.fiberopticgyro.com/ http://www.kongsberg.com/ http://www.kvh.com/ http://press.kvh.com/
CEVA Unveils High-Performance, Low Power Platforms for Wireless, Multimedia ApplicationsHighly integrated configurable subsystem for rapid design of CEVA-X DSP based System-on-Chips; Optimized for speed, power and die size requirements of next-generation communications and multimedia devices
SAN JOSE, Calif., April 21 /PRNewswire-FirstCall/ -- CEVA, Inc. ; , a leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores, today announced its next generation DSP subsystem platforms for developers using the CEVA-X family of DSP cores. The robust solutions build on CEVA's extensive track record of powering complex, multi-function communications products and offer a comprehensive and verified approach for efficiently integrating its cores into complex system on chips (SoCs). The platforms come in two versions, the CEVA XS-1100A optimized for wireless baseband applications, and the CEVA XS-1200A aimed at multimedia and other applications requiring high-performance signal processing.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051010/CEVALOGO)
These configurable, highly efficient hardware platforms reduce development effort, the risk of costly silicon re-spins and, ultimately, time-to-market for embedded processor applications. It uses industry standard system buses, offering designers the ability to add their own hardware blocks or connect the DSP to other systems present on chip, making integrating CEVA cores a very straightforward, efficient proposition. Both platforms support critical low power design requirements through CEVA's smart Power Management Unit (PMU) technology, which includes automatic sleep/wake of each resource and matrix separately according to transaction type, source, destination, initiator and duration.
"Our customers compete in some of the most dynamic and fastest moving markets and need every advantage possible to reduce time, risk and development complexity. These enhanced platforms build on our track record of expertise in wireless and multimedia, and provide an extremely effective way to leverage the capabilities of our family of DSP cores into complete systems," said Eran Briman, vice president, corporate marketing at CEVA. "More than 90% of our CEVA-X DSP core customers also license a complementary CEVA subsystem, illustrating the critical value-add that these platforms bring to developing complex processor-based solutions."
The two platforms -- which have evolved through numerous customer engagements in targeted application areas -- feature architecture enhancements that can significantly lower die size and power consumption, without compromising on performance. They are geared for the most complex and highly integrated SoCs, and feature a complete AHB matrix, DMA, TDM ports, power management, external master and slave ports, complete lineup of DSP-oriented peripherals and interface to L2 memories.
Compared to previous generation platforms from CEVA, the new platforms offers designers the following advantages:
-- 10% higher speed
-- 20% smaller die size
-- 20% lower leakage power and 10% lower dynamic power
-- 50% fewer clock-tree cells, ensuring higher production yield
-- 5% decrease in MHz requirements for video codecs such as H.264
Application-optimized Platforms
The CEVA XS1100A platform is optimized for wireless baseband and general purpose DSP solutions and tightly couples the CPU and DSP, which is required for real time baseband processing. It includes the following main features:
-- Smart Power Management Unit (PMU) for dynamic control of power
consumption
-- Complete set of hardware peripherals extendible through an APB bridge
-- Host controller connectivity through AHB compliant bridges
-- Two-level memory architecture enabling shared memory between CEVA DSP
and ARM cores, reducing system complexity, die size and power
consumption
-- Code replacement unit enabling on-the-fly firmware program bypasses
The CEVA XS1200A platform, aimed at multimedia and other DSP-intensive applications, enables a de-coupling of the CPU and DSP to support multiple independent clock systems. It integrates additional features that enhance the system processing power for applications such as digital multimedia devices and includes:
-- A 16-channel advanced DMA with 3D transfer capabilities, allowing the
DSP to handle most of the data traffic autonomously
-- An interface to third-party accelerators that can be used for
DSP-intensive applications
-- Up to 4 TDM ports for use as the interface to audio and voice data
About CEVA, Inc.
Headquartered in San Jose, Calif., CEVA is a leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores for mobile handsets, consumer electronics and storage applications. CEVA's IP portfolio includes comprehensive solutions for multimedia, audio, voice over packet (VoP), Bluetooth and Serial ATA (SATA), and a wide range of programmable DSP cores and subsystems with different price/performance metrics serving multiple markets. In 2007, CEVA's IP was shipped in over 225 million devices. For more information, visit http://www.ceva-dsp.com/
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20051010/CEVALOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
CEVA, Inc.
CONTACT: Richard Kingston of CEVA, Inc., +1-408-514-2976, richard.kingston@ceva-dsp.com; or Media, Mike Sottak of Wired Island, Ltd., +1-408-876-4418, mike@wiredislandpr.com, for CEVA, Inc.
Web site: http://www.ceva-dsp.com/
RSA, The Security Division of EMC, Discovers 'Rock Phish' Attack Evolution
BEDFORD, Mass., April 21 /PRNewswire/ -- RSA, The Security Division of EMC , has uncovered a new technique that combines phishing and Zeus Trojan attacks to steal personal information and spread financial crimeware.
Discovery Details
-- The RSA(SM) Anti-Fraud Command Center (AFCC) recently uncovered a new
series of attacks from the Rock Phish group, launched in order to
infect unsuspecting users with financial crimeware.
-- The Rock Phish group is a set of criminals believed to be based in
Europe who have been targeting financial institutions worldwide since
2004.
-- Rock Phish attacks are estimated to account for more than 50% of
phishing attacks world-wide and to be responsible for the theft of tens
of millions of dollars from users' bank accounts. However, until now,
the group has not deployed financial crimeware as part of its attack
methodology.
-- The new Rock Phish attacks combine both phishing techniques and
crimeware. Victims of these phishing attacks not only have their
personal data stolen -- but they are then also infected with the Zeus
Trojan. Once infected, the Trojan is capable of stealing additional
information, such as personal data transmitted while interacting with
other websites.
Mitigation
-- The attacks were detected by the RSA 24x7 Anti-Fraud Command Center
with support from security analysts that work on RSA's FraudAction
Anti-Trojan Service team. This experienced team of fraud analysts works
to detect and qualify phishing sites, shut them down, deploy
countermeasures, and conduct extensive forensic work to catch
fraudsters and prevent future attacks.
-- The team's phishing forensics expertise enabled the AFCC to trace the
malware infection resources within these attacks. RSA's FraudAction
Anti-Trojan Service analysts are very familiar with the Zeus Trojan:
they closely track the distribution of this Trojan, and are often able
to identify the propagation of Zeus variants before they are detected
by most anti-virus software tools.
-- The RSA Anti-Trojan Service mitigates Trojan threats by tackling the
Trojan's communication channels -- including its infection, drop and
'command & control' points -- and the AFCC works to block the drop-
zones. In this way, even if a user has already been infected with the
Zeus Trojan, the Trojan will be unable to communicate with its drop-
zone, rendering the attack much less effective.
-- In addition, the source of the Zeus infection will be traced and shut
down by the AFCC, and will not be usable in future phishing attacks.
-- So far, RSA's FraudAction Anti-Trojan Service has detected more than
150 variants of the Zeus Trojan targeting customers of financial
institutions and other organizations worldwide.
RSA's expertise
-- RSA's analysts discovered, researched and analyzed this new attack as
part of its ongoing fraudster intelligence and monitoring efforts. RSA
continues to work with law enforcement agencies and its own financial
sector customers to mitigate online fraud and threats of this nature.
-- The RSA FraudAction Anti-Trojan Service provides a proactive,
comprehensive approach to helping organizations fight back against the
threat of crimeware and Trojans -- by mitigating it at the source.
Through RSA's 24x7 Anti-Fraud Command Center and an extensive global
partner network, RSA delivers a layered approach to identifying,
analyzing, blocking, and shutting down crimeware attacks.
Additional Information and Resources:
-- Online Fraud Report:
http://www.rsa.com/document.asp?doc_id=9323
-- RSA Anti-Trojan Service:
http://www.rsa.com/products/consumer/datasheets/ANTITROJ_DS_0407.pdf
http://www.rsa.com/node.aspx?id=3020
-- Other Resources:
http://www.rsa.com/blog/blog.aspx?keyword=Online%20Fraud,%20Fraudsters
http://www.rsa.com/blog/blog_entry.aspx?id=1175
http://www.rsa.com/press_release.aspx?id=7922
About RSA
RSA, The Security Division of EMC, is the premier provider of security solutions for business acceleration, helping the world's leading organizations succeed by solving their most complex and sensitive security challenges. RSA's information-centric approach to security guards the integrity and confidentiality of information throughout its lifecycle - no matter where it moves, who accesses it or how it is used.
RSA offers industry-leading solutions in identity assurance & access control, data loss prevention & encryption, compliance & security information management and fraud protection. These solutions bring trust to millions of user identities, the transactions that they perform, and the data that is generated. For more information, please visit http://www.rsa.com/ and http://www.emc.com/.
RSA is either a registered trademark or trademark of RSA Security Inc. in the United States and/or other countries. All other products and/or services mentioned are products of their respective companies.
EMC Corporation
CONTACT: Lona Therrien of RSA, The Security Division of EMC, +1-781-515-5449, lona.therrien@rsa.com; or Sandra Heikkinen of Outcast Communications, +1-212-905-6043, sandra@outcastpr.com, for EMC
Web site: http://www.emc.com/
CSC Announces $915 Million in Previously Unannounced Federal Contracts
FALLS CHURCH, Va., April 21 /PRNewswire-FirstCall/ -- Computer Sciences Corporation announced today that since Jan. 1, its North American Public Sector (NPS) business unit has signed 71 previously unannounced contracts and subcontracts during its fiscal 2008 fourth quarter, which ended March 28. These contracts have a total estimated value of approximately $915 million if all contract options are exercised.
The performance periods for the contracts range from one month to ten years. Civil agencies accounted for 31 awards with a total value of approximately $416 million. The Defense Department and its agencies accounted for 40 awards with a total value of approximately $499 million.
"Our North American Public Sector business unit has had a strong fiscal year," said CSC Chairman, President and Chief Executive Officer Michael W. Laphen. "By leveraging complementary resources from across the company and focusing on its core services and areas of expertise, NPS is delivering effective and innovative results for our government clients."
Services performed by CSC under these previously unannounced contracts include a wide range of business and information technology (IT) services, including analysis, systems integration and modernization, consulting, engineering, outsourcing, training, maintenance and logistics support for a diverse base of clients in the law enforcement and intelligence communities; the National Aeronautics and Space Administration; Departments of the Navy, Army and Air Force; Department of the Treasury; Health and Human Services; Environmental Protection Agency; Department of Transportation; and State Department.
All expressed contract award terms and values represent the amounts that CSC expects to receive from the agreements if all options are exercised.
About CSC
Computer Sciences Corporation is a leading IT services company. CSC's mission is to be a global leader in providing technology-enabled business solutions and services.
With approximately 91,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. CSC reported revenue of $16.1 billion for the 12 months ended Dec. 28, 2007. For more information, visit the company's Web site at http://www.csc.com/.
Computer Sciences Corporation
CONTACT: Caroline Longanecker, Senior Manager, Communications, North American Public Sector, +1-703-641-3260, clonganecker@csc.com, or Mike Dickerson, Director, Media Relations, Corporate, +1-310-615-1647, mdickers@csc.com, or Bill Lackey, Director, Investor Relations, Corporate, +1-310-615-1700, blackey3@csc.com, all of Computer Sciences Corporation
Web site: http://www.csc.com/
Research Study Indicates Lack of Industry Standards Is Slowing Green Datacenter InitiativesDigital Realty Trust Study Analyzes the Depth and Scope of Corporate Green Datacenter Initiatives and Analyzes Changes Since 2007
SAN FRANCISCO, April 21 /PRNewswire-FirstCall/ -- Digital Realty Trust, Inc. , a leading owner and manager of corporate and Internet gateway datacenters, is reporting results from a new study of green datacenter trends that show significant changes since 2007. The findings are based on a survey of senior decision makers at leading North American corporations who are directly responsible for datacenter strategy, planning and technology. Digital Realty Trust conducted a similar study in 2007, one of the first in-depth analyses of green trends in the datacenter industry.
"When we conducted our first green datacenter study last year, respondents expressed concern about the lack of industry standards for green datacenters. The impact of that concern is very evident in this year's survey. Companies are looking for leadership and clarity on how to define a green datacenter, how to design their green datacenter plans, and how to put them into action," said Jim Smith, Vice President of Engineering at Digital Realty Trust. "In the past, the question may have been how to convince companies of the value of green datacenters. The good news is that is no longer a problem. Companies are convinced. The challenge is that the datacenter industry needs to step up and show the way with clear standards."
Key findings from the research study are provided below and will be discussed in an upcoming Webinar hosted by Digital Realty Trust:
-- 51 percent of companies have a green datacenter strategy, a decline
since the 2007 study when 55 percent of companies answered the question
affirmatively. This indicates that corporate adoption of green
datacenter strategies has stalled or perhaps taken a step back since
last year.
-- 82 percent of companies say there is no clear industry standard for
green datacenters. This figure is up from 75 percent in 2007,
indicating that there is more ambiguity than clarity in the industry.
One area where there was broad agreement was in what elements an
industry standard should comprise. The top two responses were:
o 94 percent agreed that a standard should outline how to achieve
efficient power usage (i.e. maximizing energy delivered to IT
equipment by the facility)
o 83 percent agreed that a standard should also outline how to enhance
HVAC systems to use energy more efficiently
-- In the absence of green datacenter standards, companies site LEED
certification as the best alternative. More than 60 percent of
companies look to LEED general building standards as a model for their
green datacenter initiatives. The Green Grid was also cited as a
resource for green datacenter initiatives, indicating that the
consortium is gaining visibility and momentum in the industry.
-- Of the companies that do have a green datacenter strategy, 82 percent
are taking a holistic approach that encompasses not only servers and
other datacenter hardware, but also facility design and datacenter
operations. This is nearly identical to the 2007 metric (81 percent),
indicating that companies understand the value of taking a
comprehensive approach that maximizes energy efficiency by addressing
not just the equipment in the datacenter, but the facility itself.
-- Only 18 percent of companies are planning to include carbon credits in
their green datacenter plans, down from a figure of 25 percent in 2007.
This indicates that companies are focusing on directly reducing their
datacenter energy consumption rather than displacing it through carbon
credits solutions.
"Digital Realty Trust takes great pride in being an industry leader in green datacenter design and operations. We are also committed to support industry-wide initiatives to increase datacenter efficiency," said Jim Smith. "One of the key ways we are doing this is by sharing energy efficiency data. We are the first company in the datacenter industry to do so, in response to customers and other end-user organizations who want data and benchmarks that educate them about the energy efficiency of competing facilities and about how their datacenter can support their corporate green strategy."
Smith added, "We also support industry-wide green datacenter initiatives by continuing to be an active member of The Green Grid, which is doing excellent work establishing standards and best practices for datacenter energy efficiency. And we will continue to be a leader in applying LEED and BREEAM specifications to our building design and operations. Although these specifications are not designed specifically for datacenters, they have tremendous value for institutional building owners like Digital Realty Trust. They provide a holistic view of how buildings impact our environment and a proven methodology for minimizing that impact."
Digital Realty Trust is also publishing results from a Europe-focused study of green datacenter trends. The European survey shows that green datacenter initiatives currently have greater momentum in the U.K., Germany, France, the Netherlands and Ireland. For example, 60 percent of European companies have green datacenter plans, more than 70 percent plan to make green upgrades to existing facilities, and a significant portion have already begun requiring their datacenter vendors to have a green strategy that meets their standards. The European study does, however, find that companies in those countries see a similar lack of industry standards, an issue that could slow momentum as it appears to have done in North America. To read the full results of this European study, visit the "News" section at http://www.digitalrealtytrust.com/.
Digital Realty Trust will host a Webinar about the results of these green datacenter trend studies on Monday, April 21, 2008. The Webinar, entitled "How Green is Green?," will be conducted by Jim Smith, who will provide additional data and analysis of these trends. To register for the Webinar, visit http://www.digitalrealtytrust.com/webinar_registration.asp.
About the Methodology
Metrics reported in this study are based on Web-based surveys of IT decision makers at large corporations in North America with revenues of at least $1 billion and/or a size of at least 5000+ employees. More than half of the companies have revenues of $10 billion and more than a quarter of the companies have revenues of $40 billion. All survey participants are involved in the process of managing corporate datacenters, implementing new datacenters or expanding existing datacenters; and more than 80 percent of respondents are directly involved in final decisions regarding datacenter initiatives. The survey was conducted in March 2008.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacenter(TM) and Powered Base Building(TM) datacenter solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and internet enterprises, to manufacturing and financial services. Digital Realty Trust's 71 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 12.6 million square feet as of April 1, 2008, including 2 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 26 markets throughout Europe and North America. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.com/.
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the percentage of company's planning to use carbon credits in their green datacenter plans and Digital Realty Trust's intention to continue to be a leader in applying LEED and BREEAM specifications. These risks and uncertainties include adverse economic or real estate developments in our markets or the technology industry; our dependence upon significant tenants; bankruptcy or insolvency of a major tenant; downturn of local economic conditions in our geographic markets; our inability to comply with the rules and regulations applicable to public companies or to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; defaults on or non-renewal of leases by tenants; increased interest rates and operating costs; our failure to obtain necessary outside financing; restrictions on our ability to engage in certain business activities; risks related to joint venture investments; decreased rental rates or increased vacancy rates; inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; increased competition or available supply of data center space; our failure to successfully operate acquired properties; our inability to acquire off-market property; delays or unexpected costs in development or redevelopment of properties; our failure to maintain our status as a REIT; possible adverse changes to tax laws; environmental uncertainties and risks related to natural disasters; financial market fluctuations; changes in foreign currency exchange rates; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the United States Securities and Exchange Commission, or SEC, including the Company's annual report on Form 10-K for the year ended December 31, 2007, and subsequent reports Form 8-K filed with the SEC. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For Additional Information:
A. William Stein
Chief Financial Officer and Chief Investment Officer
Digital Realty Trust, Inc.
+1 415-738-6500
Pamela A. Matthews
Investor/Analyst Information
Digital Realty Trust, Inc.
+1 415-738-6500
Chris Crosby
Sales & Technical Operations,
Digital Realty Trust, Inc.
+1 214-231-1350
Digital Realty Trust, Inc.
CONTACT: A. William Stein, Chief Financial Officer and Chief Investment Officer, or Pamela A. Matthews, Investor/Analyst Information, +1-415-738-6500, or Chris Crosby, Sales & Technical Operations, +1-214-231-1350, all of Digital Realty Trust, Inc.
Web site: http://www.digitalrealtytrust.com/
New Research Study Indicates Green Movement to Grow in Importance for Datacentre ProvidersDigital Realty Trust Survey Also Finds that Vendors Need to Articulate Green Datacentre Strategies in the Next 24 Months
LONDON, April 21 /PRNewswire-FirstCall/ -- Digital Realty Trust, Inc. , a leading owner and manager of corporate and Internet gateway datacentres, is reporting new research data entitled, "How Green is Green?" focused on determining the depth of the Green movement in the European datacentre market. The release of this data follows the publication of a parallel study of the North American datacentre market. This European study is based on a recent poll of senior decision makers who are leaders in datacentres or influence significant decisions related to datacentre operations at large European companies. The surveyed companies come from a wide range of industries, a quarter of which are from financial related services.
Key findings from the research study and additional data points are provided below:
-- 60 per cent of respondents have a declared green strategy.
-- Firms with green strategy are largely holistic in nature and think
their strategy must include both the facility as well as the equipment
operating within it.
-- Datacentre carbon footprints are a key area of concern: over 60 per
cent of respondents include the purchase of carbon credits in their
overall green strategy.
-- Less than 50 per cent of respondents require vendors to have a green
strategy.
-- Less than 35 per cent of survey participants know of a datacentre
partner with a declared green strategy. The lack of clear vendor
strategies leads to leniency.
-- The need for vendors to articulate a green strategy will only continue
to grow in the next 13 to 24 months: over 60 per cent or respondents
indicate that this need will continue to increase within the next two
years.
"At the same time that we conducted this survey of European companies, we did a study of green datacentre trends in North America. There are some interesting findings that I believe have relevance to the European market. The North American survey indicates that forward momentum of green datacentre initiatives has stalled or even lost ground. The primary culprit appears to be the lack of clear industry standards for green datacentres," said Jim Smith, Vice President of Engineering at Digital Realty Trust. "European companies expressed similar concern about the lack of clear, practical industry standards, and that could be a harbinger of a similar green 'slowdown' in Europe. Companies are looking to the datacentre industry for leadership and clarity on how to define, design and operate a green datacentre. The industry must make this a key focus this year."
A number of additional findings from the research study are as follows:
-- Respondents feel that there are many potential standards bodies to
choose from but there is still no clear leader. The key factor for
this is that the definition of Green is not universally adopted.
-- No clear definition of 'Green' exists and multiple components are
currently viewed as green. At the moment survey participants feel that
coalescence is required around a defined set of principles. Almost 70
per cent see efficient power usage as the 'greenest' component.
-- Being "Green" will become an essential selection criteria for vendors
within the next 24 months: almost 70 per cent of respondents indicated
that this will be an important selection criteria in the next 24
months.
-- Green Strategy is expected to grow as a requirement for vendors in the
next 12 to 24 months, forcing datacentre firms to articulate and
clarify their green strategies.
"Digital Realty Trust takes great pride in being an industry leader in green datacentre design and operations. We are also committed to supporting industry-wide initiatives to increase datacentre efficiency," said Jim Smith. "One of the key ways we are doing this is by sharing energy efficiency data. We are the first company in the datacentre industry to do so, in response to customers and other end-user organizations who are seeking data and benchmarks that educate them about the energy efficiency of competing facilities and about how their datacentre can support their corporate green strategy."
Smith added, "We are also supporting industry-wide green datacentre initiatives by continuing to be an active member of The Green Grid, which is doing excellent work establishing standards and best practices for datacentre energy efficiency. We will continue to be a leader in applying LEED and BREEAM specifications to our building design and operations. Although these specifications are not designed specifically for datacentres, they have tremendous value for institutional building owners like Digital Realty Trust. These specifications provide a holistic view of how buildings impact our environment and a proven methodology for minimizing that impact."
To read the results of the North American study of green datacentre trends, visit the "News" section at http://www.digitalrealtytrust.com/. Digital Realty Trust will also host a Webinar about the results of these green datacentre trend studies on Monday, 21st April, 2008. The Webinar, entitled "How Green is Green?" will be conducted by Bernard Geohegan, Vice President, Europe, who will provide additional data and analysis of these trends. To register for the Webinar, visit http://www.digitalrealtytrust.com/webinar_registration.asp.
About the Methodology
Metrics reported in this study are based on Web-based surveys of IT decision makers at large corporations in five European countries: the U.K., Germany, France, the Netherlands and Ireland. Almost 100 per cent of all surveyed companies have annual revenues greater than 1 billion Euros. 69 per cent of them have 5000 or more employees worldwide and 52 per cent over 7500. All surveyed organisations are "leaders" in setting industry direction based on expense related to datacentre design and construction. Approximately 60 per cent of the respondents were Managing Directors and almost 13 per cent are "C" level executives. The survey was conducted in March 2008.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacentre(TM) and Powered Base Building(TM) datacentre solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and internet enterprises, to manufacturing and financial services. Digital Realty Trust's 71 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacentre tenants. Comprising approximately 1.2 million rentable square metres (12.6 million square feet) as of April 1, 2008, including 186,000 square metres (2 million square feet) of space held for redevelopment, Digital Realty Trust's portfolio is located in 26 markets throughout Europe and North America. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.com/.
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the growth in the need for vendors to articulate a green strategy and Digital Realty Trust's intention to continue to be a leader in applying LEED and BREEAM specifications. These risks and uncertainties include adverse economic or real estate developments in our markets or the technology industry; our dependence upon significant tenants; bankruptcy or insolvency of a major tenant; downturn of local economic conditions in our geographic markets; our inability to comply with the rules and regulations applicable to public companies or to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; defaults on or non-renewal of leases by tenants; increased interest rates and operating costs; our failure to obtain necessary outside financing; restrictions on our ability to engage in certain business activities; risks related to joint venture investments; decreased rental rates or increased vacancy rates; inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; increased competition or available supply of data centre space; our failure to successfully operate acquired properties; our inability to acquire off-market property; delays or unexpected costs in development or redevelopment of properties; our failure to maintain our status as a REIT; possible adverse changes to tax laws; environmental uncertainties and risks related to natural disasters; financial market fluctuations; changes in foreign currency exchange rates; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the United States Securities and Exchange Commission, or SEC, including the Company's annual report on Form 10-K for the year ended December 31, 2007, and subsequent reports Form 8-K filed with the SEC. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For Additional Information:
A. William Stein
Chief Financial Officer and
Chief Investment Officer
Digital Realty Trust, Inc.
+1 415-738-6500
Pamela A. Matthews
Investor/Analyst Information
Digital Realty Trust, Inc.
+1 415-738-6500
Chris Crosby
Sales & Technical Operations
Digital Realty Trust, Inc.
+1 214-231-1350
Digital Realty Trust, Inc.
CONTACT: A. William Stein, Chief Financial Officer and Chief Investment Officer, or Pamela A. Matthews, Investor-Analyst Information, both of Digital Realty Trust, Inc., +1-415-738-6500, or Chris Crosby, Sales & Technical Operations of Digital Realty Trust, Inc., +1-214-231-1350
Web site: http://www.digitalrealtytrust.com/
Featured Stocks on WallSt.net's 3-Minute Press Show: DPDW, GNMT, BDGW, SKVY
NEW YORK, April 21 /PRNewswire/ -- WallSt.net's 3-Minute Press Show is a daily video program hosted by WallSt.net reporter, Tracee Tolentino.
Shows air Monday through Friday on: http://tv.wallst.net/3-min-press/3-min-press.php.
WallSt.net's 3-Minute Press Show features in-depth interviews with public company executives on their company and most recent press releases. The show is designed to provide viewers with insight into a company's most recent press release, and its impact on the company's growth.
The following executives were interviewed on Friday's show:
-- Robert Chamberlain, Chairman and Chief Acquisitions Officer of Deep
Down, Inc.
(BULLETIN BOARD: DPDW) (http://www.deepdowninc.com/)
-- Daniel Forbush, Chief Financial Officer for General Metals Corp.
(BULLETIN BOARD: GNMT) (http://www.generalmetalscorporation.com/)
-- Jim Can, President and CEO of Budget Waste, Inc.
(Pink Sheets: BDGW) (http://www.budgetwaste.com/)
-- Peter Murdoch, President and CEO of Sentry Technology Corp.
(BULLETIN BOARD: SKVY) (http://www.sentrytechnology.com/)
About WallStreet Direct, Inc.
WallStreet Direct, Inc. a wholly-owned subsidiary of Financial Media Group, Inc., owns and operates WallSt.net (http://www.wallst.net/), a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community. In addition to WallSt.net, WallStreet Direct owns and operates WallStRadio (http://radio.wallst.net/) an online hub for business podcasts from well-known business news personalities and publishers. We have received ten thousand dollars from Deep Down, Inc. for media and advertising services. We have received eight thousand five hundred dollars from General Metals Corp. for media and advertising services. We have received nine hundred ninety five dollars from Budget Waste, Inc. for media and advertising services. We have received four hundred ninety five dollars from Sentry Technology Corp. for the dissemination of this press release. To access our full disclaimer and for a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.php.
About Deep Down, Inc.
Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.
About General Metals Corporation
The Company is production and growth oriented and controls 100% of the strategically situated Independence Mine property located in the prolific Battle Mountain Mining District on the Battle Mountain-Eureka gold trend, in Humboldt County, Nevada, adjacent to the giant Phoenix project. The current drilling program is designed to confirm early estimates of mineralized material thought to contain 235,000 oz. gold and 2,500,000 oz. silver and to expand the mineralized envelope which enhances near term production numbers. The Company also owns 150 sq. km. of mining concessions for gold, diamonds and base metals in Ghana, West Africa and plans to commence exploration activities this year.
About Budget Waste, Inc.
Budget Waste, Inc. is a waste solutions company in Western Canada providing complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients. With a broad range of innovative services the Company offers its customers more value for their dollar and reduces accounting costs by providing streamlined billing. BWI is currently following its growth through acquisition strategy with exceptional success. For more information, visit http://www.budgetwaste.com/
About Sentry Technology Corp.
Sentry Technology Corporation designs, manufactures, sells and installs a complete line of Closed Circuit Television (CCTV) solutions, Electro-Magnetic (EM) and RFID based Library Management systems as well as Radio Frequency (RF) and Electro-Magnetic (EM) EAS systems. The CCTV product line features SentryVision(R), SmartTrack, a proprietary, patented traveling Surveillance System. The Company's products are used by libraries to secure inventory and improve operating efficiency, by retailers to deter shoplifting and internal theft and by industrial and institutional customers to protect assets and people. For further information, please visit our website at http://www.sentrytechnology.com/.
Contact
WallSt.net
800-4-WALLST
WallStreet Direct, Inc.; Deep Down, Inc.; General Metals Corp.; Budget
CONTACT: WallSt.net, 1-800-4-WALLST
BIO-key(R) Awarded Mobile Data Contract for Additional 10 Kentucky Law Enforcement AgenciesCounty-wide MobileCop(R) System Expands to Support 18 Public Safety Agencies
WALL, N.J., April 21 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (BULLETIN BOARD: BKYI) , a leader in finger-based biometric identification and wireless public safety solutions, today announced the award of a contract from the Erlanger (Kentucky) Police Department ("the Department") for additional MobileCop licenses. The contract will enable ten new public safety agencies in Kenton County (Kentucky) to join the county-wide mobile data system managed by the Department's 911 Communications Center. With MobileCop, police officers and other first responders in the field have access to critical federal, state and local information directly from laptops in their vehicles. MobileCop also provides first responders the ability to send incident updates and alerts to commanders and other mobile units directly from their laptop. The data system will serve a total of eighteen agencies in twelve Kenton County communities -- and more than 160 mobile users -- upon activation on May 1st, 2008. Additional agencies are expected to join in the future.
MobileCop is linked to a computer-aided dispatch (CAD) system located within the Department's 911 Communications Center. Detailed information from a 911 call for service from any participating community can be transmitted directly to the nearest available patrol unit in that community. Now officers and firefighters are better prepared to address an emergency because they get critical information on the incident and the people involved before they even get to the scene.
For incidents requiring mutual aid or crossing jurisdictions, such as pursuit of a suspect, available police units from nearby communities can be dispatched through MobileCop, ensuring better backup and improving officer safety. MobileCop addresses one of the major shortfalls reported by the 911 Commission, interagency communication. Now all units involved in an incident can communicate with each other, regardless of which department they are from.
"With MobileCop we now have an interoperable data communications system that will help us get the right resources to respond to any incident virtually anywhere in the County," explained Steve Castor, Erlanger 911 Communications Center manager.
The participating communities expect to be able to maintain and improve the system through 911 landline user fees and without additional local tax dollars. "With multiple jurisdictions sharing central site hardware and software, as opposed to each one having its own separate system, we're able to save significant dollars in operational costs," added Castor.
"Increasingly, law enforcement agencies across the country are doing what Kenton County has done in building a multi-jurisdictional system," said Ken Souza Senior Vice President and General Manager of BIO-key's Law Enforcement Division. "Sharing resources makes economic sense and sharing information makes officers on the street more effective."
About BIO-key
BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions and information services to law enforcement departments, public safety agencies, government and private sector customers. BIO-key's mobile wireless technology provides first responders with critical, reliable, real-time data and images from local, state and national databases. BIO-key's high performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise data to improve security, convenience and privacy and to reduce identity theft. Over 750 police departments in North America use BIO-key solutions, making BIO-key the leading supplier of mobile and wireless solutions for law enforcement. (http://www.bio-key.com/)
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. The words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Company Contact: BIO-key International, Inc.
Bud Yanak
732-359-1100
BIO-key International, Inc.
CONTACT: Bud Yanak of BIO-key International, Inc., +1-732-359-1100
Web site: http://www.bio-key.com/
Atmel's CAP Customizable Microcontroller Named 2007 Product of the Year by EPC Magazine
ROUSSET, France, April 21 /PRNewswire/ --
- One of Leading Products Selected by Editors and Industry Experts
Atmel(R) Corporation (Nasdaq: ATML) announced today that its CAP(TM)
customizable microcontroller has been named as one of the Products of the
Year by Electronic Products China (EPC) Magazine. The selection was made by a
panel of editors and industry experts based on the criteria of significant
advancements of a technology or its application, innovative design and
substantial achievement in price/performance.
Michel Le Lan, Atmel's Marketing Director for ASIC products, welcomed the
award, "We are honored to receive this award from a prestigious magazine in
one of our fastest-growing markets. This is the third industry award for CAP,
and it confirms its stature as a highly innovative product that is closely
matched to the performance, price and time-to-market needs of our customers.
Since its launch in May 2007 CAP has gained a number of major design wins,
and is ramping up to make a substantial contribution to Atmel's revenue
stream."
About the Award-Winning CAP
Atmel's CAP(TM) is an ARM(R) microcontroller-based SoC with fast local
memory, and a Metal Programmable (MP) Block that allows the designer to add
custom logic. CAP enables application-specific products to be developed
quicker and more economically than if using standard-cell ASICs. CAP also
offers superior performance, smaller form factor and lower power consumption.
CAP is fully supported with an emulation board, software development tools,
operating systems, code modules and a worldwide network of expert design
centers to facilitate application software development. The CAP MP Block can
be personalized with IP developed by the customer, by third-party design
centers or from Atmel's extensive libraries.
CAP is also supported by the low-cost AT91CAP9A-STK Starter Kit, an ideal
vehicle for no-risk evaluation of the customization capabilities of the CAP
MCU. The CAP Starter Kit features the fixed portion of the CAP architecture
implemented as a microcontroller standard product, together with an FPGA that
emulates the application-specific portion of the design that will be
implemented in the MP Block. It enables application developers to test the
logic of their system together with its software drivers. Errors can be
corrected with no cost penalty. This emulation step greatly increases the
chances of right-first-time silicon and software.
About Atmel
Atmel is a worldwide leader in the design and manufacture of
microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio
frequency (RF) components. Leveraging one of the industry's broadest
intellectual property (IP) technology portfolios, Atmel is able to provide
the electronics industry with complete system solutions focused on consumer,
industrial, security, communications, computing and automotive markets.
(C) 2008 Atmel Corporation. All Rights Reserved. Atmel(R), logo and
combinations thereof, and others, are registered trademarks, and CAP(TM) and
others are trademarks of Atmel Corporation or its subsidiaries. ARM(R) is a
registered trademark of ARM Ltd. Other terms and product names may be
trademarks of others.
Information:
Atmel's CAP product information may be retrieved at
http://www.atmel.com/products/at91cap/default.asp
The full list of winners of the EPC 2007 Product of the Year awards can
be found at http://www.epc.com.cn/Annual/2007/index.htm
Press Contacts:
Peter Bishop, Communications Manager, Atmel Rousset, Europe
Tel: +33-(0)-4-42-53-61-50, Email: peter.bishop@atmel.com
Helen Perlegos, Public Relations
Tel: +1-408-487-2963, Email: hperlegos@atmel.com
Web site: http://www.atmel.com
Atmel Corporation
Peter Bishop, Communications Manager of Atmel Rousset, Europe, +33-(0)-4-42-53-61-50, peter.bishop@atmel.com, or Helen Perlegos, Public Relations of Atmel Corporation, +1-408-487-2963, hperlegos@atmel.com
Shiner International Projects Recognized as 'Key Sci-Tech Projects of Hainan Province' for 2007 by the Department of Science and Technology of Hainan Province PRC
HAINAN, China, April 21 /Xinhua-PRNewswire-FirstCall/ -- Shiner International, Inc. , an emerging global leader in the anti- counterfeiting and advanced packaging industry, today announced that two of the Company's research and development projects were selected as ''Key Sci- tech Projects of Hainan Province'' by the Department of Science and Technology of Hainan Province PRC.
Shiner's project in the area of advanced ''silicon release coated films development and industrialization'' was recognized for its leading technology focused on helping to industrialize the coated film business. As part of the award recognition, the project received a funding supplement from the government of Hainan province of RMB 200,000 for ongoing product development.
The second project recognized by the Department of Science and Technology is related to Shiner's ongoing development of ''complex color printing film technology development and industrialization,'' focused on creating new eco- friendly technologies for both film production and color printing, with an emphasis on sustainable business processes.
"We are pleased that our ongoing R&D efforts have been recognized by the Department of Science and Technology, whose focus on innovative technologies within the PRC is second to none,'' said Mr. Jian Fu, CEO of Shiner International. ''We have already begun to see the benefits of our R&D efforts on a global scale, as these projects have yielded highly sought-after environmentally sound products. This recognition, combined with our ongoing global product success, encourages us to continue our thought leadership in the development of coated film, packaging and color printing products.''
About Shiner International, Inc.
Shiner International ( http://www.shinerinc.com/ ) is a U.S. corporation that has its primary operations in China. Headquartered in the city of Haikou -- China's "Hawaii'' -- Shiner's products include coated packaging film, shrink-wrap film, common packaging film, anti-counterfeit laser holographic film and color-printed packaging materials. Approximately 60% of Shiner's current customers are located in China, with the remainder spanning Southeast Asia, Europe, the Middle East and North America. Shiner holds 14 patents on products and production equipment, and has additional patent applications pending. The Company's coated films meet the approval of U.S. FDA requirements, as well as those required for food packaging sold in the EU. Shiner's product manufacturing process is certified under ISO 9001:2000.
Safe Harbor Statement
All statements in this press release that are not historical are forward- looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Shiner International, Inc.'s current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Shiner's filings with the Securities and Exchange Commission.
For more information, please contact:
Company Contact:
Shiner International, Inc.
Ms. Maggie DanDan Xing
Tel: +86-138-7668-7688
Email: info@shinerinc.com
Investor Relations Contact:
Lambert, Edwards & Associates
Mr. Noel Ryan
Tel: +1-616-233-0500
Email: nryan@lambert-edwards.com
Shiner International, Inc.
CONTACT: Company Contact, Ms. Maggie DanDan Xing of er International, Inc., +86-13876687688, or info@shinerinc.com; Investor Relations Contact, Mr. Noel Ryan of Lambert, Edwards & Associates, +1-616-233-0500, or nryan@lambert-edwards.com
Web site: http://www.shinerinc.com/
MTS Ranked in World's 100 Most Powerful BrandsFirst Russian Company to Achieve Global Brand Recognition
MOSCOW, April 21 /PRNewswire-FirstCall/ -- Mobile TeleSystems OJSC ("MTS" - NYSE: MBT), the largest mobile phone operator in Russia and the CIS, announced that it has been named as one of the BRANDZ(TM) Top 100 Most Powerful Brands, a ranking published by the Financial Times and Millward Brown, a leading global market research and consulting firm. MTS is the first and only Russian company to join the ranks of the most powerful brands in the world, which stands as a recognition of its leadership across the CIS and increasing global relevance.
MTS' debut among the Top 100 Most Powerful Brands is due to the company's continued strong growth and market leadership position in the Russian and the CIS markets. MTS is a multinational corporation of a new type, based in a high-growth emerging market and simultaneously entering other developing markets with a globally-recognized brand. MTS operates in Russia and five other CIS markets, which are among the world's fastest growing economies with record rates of GDP growth.
MTS launched its current brand in 2006, building on its market leadership and reputation as the highest quality operator in the region. MTS has built the largest network in the CIS and offers the largest coverage area in the region, providing its customers with consistent high-quality experience. With over 85 million subscribers, out of total population of 230 million in the markets in which it operates, MTS has the largest mobile customer base in the CIS. Subscribers trust MTS brand as it represents the highest quality and most innovative products in every market.
"We operate in markets that span 11 time zones and cater to a wide range of languages, cultures and income levels. We are thankful to our customers and their loyalty to MTS, which has allowed us to create an iconic brand that transcends national boundaries and meets our customers' disparate expectations," commented Cynthia Gordon, Vice President and Chief Marketing Officer of MTS. "Inclusion in the Top 100 Most Powerful Brands is a testament to our leadership in the CIS, and proves that companies from high growth developing markets can become truly international brands."
MTS enters the Top 100 Most Powerful Brands ranking at 89th place with a Brand Value of $8.077 billion. To arrive at this figure, Millward Brown Optimor establishes company's intangible earnings and allocates them to individual brands and countries of operation.
MTS has the highest Brand Momentum score of 10, which means that it is in the top 10% of all brands in the ranking by the short term growth rate. The Brand Momentum indicator is obtained by projecting brand value forward based on market valuations, the brand's risk profile and its growth potential. To facilitate further growth and recognition of the brand, MTS recently adopted new Brand Standards to communicate the brand consistently in all messaging and launched a new slogan "Operator Svyazi" to reinforce its perception as a strong, trustworthy and quality-focused company.
With steady growth in revenues and subscriber base over the last years, MTS has built the foundation for becoming one of the most significant mobile operator brands in the world, as recognized by the Financial Times and Millward Brown.
About MTS
Mobile TeleSystems OJSC ("MTS") is the largest mobile phone operator in Russia and the CIS. MTS and its associates and subsidiaries are licensed to provide GSM services in the regions of Russia, as well as Ukraine, Uzbekistan, Turkmenistan, Armenia and Belarus, which have a total population of more than 230 million. In 2007, MTS' revenues grew 29% to $8.2 billion, and the Company reported a subscriber base of 84.94 million by the end of March 2008. Since June 2000, MTS' Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT). According to Informa Telecoms & Media's World Cellular Information Service, MTS ranks as the 8th largest operator in the world by proportionate subscriptions in Q4 2007 (proportionate subscriptions relate to equity stakes in company's operations). Additional information about MTS can be found on MTS' website at http://www.mtsgsm.com/.
About Millward Brown's Ranking
The BRANDZ Ranking is the only brand ranking based on primary research - it therefore reflects the perceptions of people who really count - brand users and consumers. Derived from BRANDZ database, the world's largest repository of brand equity data, the BRANDZ study has interviewed more than one million consumers globally and covers 50,000 brands worldwide. The BRANDZ Ranking is the first study to cover both business and consumer brands and to include predictive metrics of future brand performance. Market performance metrics and financial data were obtained from Datamonitor and Bloomberg respectively.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company's most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.
Media and Analyst Inquiries:
Mobile TeleSystems, Moscow,
Investor Relations,
Tel: +7-495-223-2025,
E-mail: ir@mts.ru.
MTS Mobile TeleSystems
CONTACT: Media and Analyst Inquiries: Mobile TeleSystems, Moscow, Investor Relations, Tel: +7-495-223-2025, E-mail: ir@mts.ru.
Mattson Technology Selected as Development Partner by Leading Global Semiconductor Manufacturer For Advanced Millisecond Anneal ProcessingMillios(TM) Flash RTP System Enables Advanced 45 nm and Beyond Processes
FREMONT, Calif., April 21 /PRNewswire-FirstCall/ -- Mattson Technology, Inc. , a leading supplier of advanced semiconductor process equipment used to manufacture Integrated Circuits (or "ICs"), today announced that a leading global semiconductor manufacturer has selected its Millios(TM) flash Rapid Thermal Processing (fRTP) system for advanced millisecond anneal processing based on its capabilities to address challenging sub-45 nanometer applications. The fRTP annealing system is scheduled to ship to the manufacturer's 300 mm advanced development fab in May, where it will be used for process and performance characterization of critical flash RTP applications. Gartner Dataquest estimates that the total emerging millisecond RTP anneals market is expected to grow at a 12 percent compound annual growth rate (CAGR) from 2007 to 2012.
"As the number of implant steps increases with each device generation, chipmakers face a myriad of complex technical challenges in which they must achieve increasingly smaller geometries and fabricate more powerful chips," noted Andreas Toennis, senior vice president and general manager of Mattson Technology's Thermal Products Group. "Mattson's proprietary Millios system provides critical technical improvements in process flexibility, control and high throughput, resulting in low cost of ownership. With its superior technical innovations, including an extremely powerful flash lamp which is essential for the fRTP application, Millios enables high throughput and may eliminate the need for separate spike anneal. Millios is the only tool that delivers full manufacturing controls with the ability to combine standard and millisecond anneals."
Toennis added, "The Millios system has already demonstrated the advanced capabilities to address advanced 45 nm and beyond processes and is well positioned to drive Mattson's growth. We look forward to working with this latest Millios customer, and are committed to supporting their expanded production capabilities in the future as well as their growth strategy to meet their customers' anticipated demand for leading-edge semiconductors, telecommunications, and digital convergence technology."
About Millios(TM)
In the nanotechnology era, where chips have features 1000 times smaller than the diameter of a human hair, advanced RTP applications will require annealing that is fractions of, to a few thousandths of, a second in duration. Mattson's Millios(TM) Flash-Assist RTP (fRTP) is a next-generation millisecond annealing tool featuring advanced process control and high throughput to meet manufacturing and development needs. The technique offers effective process times of 1-3 milliseconds. The system features a patented arc lamp technology that processes the wafers through millisecond "flashes" (similar to a camera flash), providing improved thermal control for ultra-shallow junction (USJ) anneal and other advanced applications through the 22 nm regime. Millios also combines fully automated wafer handling hardware and software from Mattson's production-proven Helios(TM) RTP system. Millios was qualified in 2007 by semiconductor and leading nanoelectronics research centers in Europe and the United States.
About Mattson Technology, Inc.
Mattson Technology, Inc. is a leading supplier of dry strip equipment and the second largest supplier of rapid thermal processing equipment in the global semiconductor industry. The company's strip and RTP equipment utilize innovative technology to deliver advanced processing performance and productivity gains to semiconductor manufacturers worldwide for the fabrication of current- and next-generation devices. For more information, please contact Mattson Technology, Inc., 47131 Bayside Parkway, Fremont, Calif. 94538. Telephone: (800) MATTSON/(510) 657-5900. Fax: (510) 492-5911. Internet: http://www.mattson.com/.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements regarding the Company's future prospects. Forward-looking statements address matters that are subject to a number of risks and uncertainties that can cause actual results to differ materially. Such risks and uncertainties include, but are not limited to: end-user demand for semiconductors; customer demand for semiconductor manufacturing equipment; the timing of significant customer orders for the Company's products; customer acceptance of delivered products and the Company's ability to collect amounts due upon shipment and upon acceptance; the Company's ability to timely manufacture, deliver and support ordered products; the Company's ability to bring new products to market and to gain market share with such products; customer rate of adoption of new technologies; risks inherent in the development of complex technology; the timing and competitiveness of new product releases by the Company's competitors; the Company's ability to align its cost structure with market conditions; and other risks and uncertainties described in the Company's Forms 10-K, 10-Q and other filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information provided in this news release.
Mattson Technology Contact Investor & Media Contact
Kerem Kapkin Laura Guerrant
tel +1-(510) 492-2765 Guerrant Associates
fax +1-(510) 474-1449 tel 808-882-1467
Kerem.Kapkin@mattson.com fax 808-882-1417
lguerrant@guerrantir.com
Mattson Technology, Inc.
CONTACT: Kerem Kapkin of Mattson Technology, +1-510-492-2765, fax, +1-510-474-1449, Kerem.Kapkin@mattson.com; or Investor & Media, Laura Guerrant of Guerrant Associates, +1-808-882-1467, fax, +1-808-882-1417, lguerrant@guerrantir.com, for Mattson Technology, Inc.
Web site: http://www.mattson.com/
Openreach Extends Mobile Resource Management Contract With Trimble
SUNNYVALE, Calif., April 21 /PRNewswire-FirstCall/ -- Trimble announced today that Openreach, the local network division of BT, one of the world's leading providers of communications solutions and services operating in 170 countries, has extended its Mobile Resource Management (MRM) contract with Trimble for an additional three years.
With the three year contract extension, Openreach will continue to use Trimble's Taskforce(TM) automated scheduling and route optimization solution to manage more than 20,000 of its mobile engineering workforce, helping to improve customer service and reduce operational costs.
"We are extremely pleased to continue to work with Trimble," said Mark Whitley, Openreach Operations Planning Director. "Over the past five years, the Taskforce solution has allowed us to allocate work to our mobile workforce more effectively and therefore supported us both in improving customer service and realizing operating efficiencies."
About Taskforce Solution
Trimble's Taskforce scheduling and dispatching optimization solution for field service delivery allows businesses to optimize, manage and communicate day-to-day activities with their mobile workforce using real-time data and scheduling automation. Building on patented technology, the solution enables businesses to balance customer expectations with a company's needs, increasing customer satisfaction and delivering reliable and repeatable performance on a daily basis. Ideal for telecommunications, cable, utilities and other field service organizations, Trimble Taskforce is scalable, flexible and can be configured for various levels of automation based on an organization's complexities in its delivery processes, business requirements, workflow or size of its field workforce.
About Trimble
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location -- including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has a worldwide presence with more than 3,600 employees in over 18 countries.
For more information, visit Trimble's Web site at http://www.trimble.com/.
GTRMB
Contacts: Willa McManmon Lea Ann McNabb
Trimble Trimble
Investor Relations Media
408-481-7838 408-481-7808
willa_mcmanmon@trimble.com leaann_mcnabb@trimble.com
Trimble
CONTACT: Investor Relations, Willa McManmon, +1-408-481-7838, willa_mcmanmon@trimble.com, or Media, Lea Ann McNabb, +1-408-481-7808, leaann_mcnabb@trimble.com, both of Trimble
Web site: http://www.trimble.com/
Qiao Xing Mobile Reports Fourth Quarter and Fiscal Year 2007 Financial Results
Fourth Quarter 2007 Highlights(1):
-- Revenue was RMB747.0 million (US$102.4 million), representing a
decrease of 1.4% from the corresponding period of 2006 and a 10.2%
decrease from the third quarter of 2007.
-- Handset shipments were approximately 862,000 units, an increase of
22.4% from the fourth quarter of 2006 and a 24.8% decrease from the
third quarter of 2007.
-- Gross margin was 29.5%, comparing to 16.1% in the fourth quarter of
2006 and 26.2% in the previous quarter.
-- Net income was RMB142.7 million (US$19.6 million), representing a
significant increase from the corresponding period of 2006 and a 3.2%
increase from the previous quarter.
-- Basic and diluted earnings per share (''EPS'') were both RMB2.72
(US$0.37), comparing to RMB0.95 in the fourth quarter of 2006 and
RMB2.63 in the third quarter of 2007.
Fiscal Year 2007 Highlights
-- Revenue was RMB3,141.1 million (US$430.6 million), representing an
increase of 23.8% from 2006.
-- Handset shipments were approximately 3,816,000 units, representing an
increase of 68.7% from 2006.
-- Gross margin was 28.2%, comparing to 18.7% in 2006.
-- Net income was RMB593.5 million (US$81.4 million), comparing to
RMB286.7 million in 2006.
-- Basic and diluted earnings per share (''EPS''), after extraordinary
items, were RMB12.28 (US$1.68), comparing to RMB7.16 in 2006.
BEIJING, April 21 /Xinhua-PRNewswire-FirstCall/ -- Qiao Xing Mobile Communication Co., Ltd. (''Qiao Xing Mobile'' or ''the Company'') , one of China's leading domestic manufacturers of mobile handsets operating its business primarily through its subsidiary, CEC Telecom Co., Ltd. (''CECT''), today announced its unaudited results for the fourth quarter of 2007 and the fiscal year ended December 31, 2007.
Commenting on the results, Dr. David Li, the Chief Executive Officer of Qiao Xing Mobile said, ''I am pleased with our results in the fourth quarter of 2007. We were able to significantly increase our gross margins and overall profitability on both sequential and year-over-year basis as we achieved continued success in developing and marketing high quality differentiated mobile handsets. Overall, the quarter capped an extremely successful 2007. We broke records for revenue, unit shipments and net income by successfully expanding our product mix to include a larger number of unique handsets. We believe our performance validates our strategy of building a highly profitable business by developing innovative, differentiated and high-margin handsets.''
Fourth Quarter 2007 Results
Revenues were RMB747.0 million (US$102.4 million) in the fourth quarter of 2007, representing a decrease of 1.4% from RMB757.5 million in the fourth quarter of 2006 and a decrease of 10.2% from RMB831.7 million in the third quarter of 2007. Compared to last year, the decrease was primarily due to a lower average selling price (''ASP'') of handset products shipped in the fourth quarter of 2007 and was partially offset by higher unit shipments. The decrease from the third quarter of 2007 mainly resulted from lower handset shipments, which was partially offset by an increase in the ASP of products sold in the fourth quarter of 2007.
Handset shipments in the fourth quarter of 2007 were 862,000 units, representing an increase of 22.4% compared to 704,000 units in the fourth quarter of 2006 and a decrease of 24.8% compared to 1,146,000 units in the third quarter of 2007. The decrease in handset shipments compared to the third quarter of 2007 was primarily because newer handset models sold in the fourth quarter of 2007, such as the W100 (a wrist watch phone) and the C6000 (a full metal casing ultra-long standby handset that comes with stock trading functions), were higher-priced products, and because there was a slow-down in the shipments of older handset models. The Company sold 194,000 units of the C6000 model and 101,000 of the W100 model in the fourth quarter of 2007. Shipments of the Company's older lower-priced C1000 series ultra-long standby handsets (including C1000, C1000+ and C1200) were 344,000 units in the fourth quarter of 2007 compared to 593,000 units in the third quarter of 2007.
The ASP of handset products decreased to RMB861 (US$118) in the fourth quarter of 2007, as compared to RMB1,068 in the fourth quarter of 2006, and increased by RMB145, as compared to RMB716 in the third quarter of 2007. The drop in the ASP compared to the same period last year was primarily due to a higher sales mix of lower-priced products, such as the C1000 series ultra-long standby handsets, in the fourth quarter of 2007. The increase in the ASP compared to the third quarter 2007 was primarily due to contributions from higher-priced models, such as the W100 and C6000.
Gross profit was RMB220.7 million (US$30.3 million) in the fourth quarter of 2007, or 29.5% of revenues, which was an increase from a gross profit of RMB121.9 million, or 16.1% of revenues, in the fourth quarter of 2006, and from a gross profit of RMB218.3 million, or 26.2% of revenues, in the third quarter of 2007. The improvement in gross margin was primarily due to an increase in the sales of higher-margin differentiated handset products.
Selling and distribution (''S&D'') expenses were RMB4.5 million (US$0.6 million) in the fourth quarter of 2007, which was a decrease from RMB6.6 million in the fourth quarter of 2006 and a decrease from RMB7.5 million in the third quarter of 2007. The decrease in S&D expenses compared to last year was primarily driven by lower advertising expenses. The decrease in S&D expenses from the previous quarter was mainly due to a decrease in sales commissions paid to TV infomercial channel partners.
General and administrative (''G&A'') expenses were RMB20.0 million (US$2.7 million) in the fourth quarter of 2007, representing an increase from RMB4.3 million in the fourth quarter of 2006 and a decrease from RMB21.2 million in the third quarter of 2007. The year-over-year increase was primarily due to the higher share-based compensation expenses, payroll-related expenses, professional service fees and office expenses. Share-based compensation expenses recognized in G&A were RMB8.7 million in the fourth quarter of 2007, while no such expenses were recognized in the fourth quarter of 2006. G&A expenses decreased by 5.6% from RMB21.2 million in the third quarter of 2007, primarily due to a decrease in share-based compensation expenses, though partially offset by an increase in bad debt expenses, professional service fees and office expenses. In the third quarter of 2007, share-based compensation expenses recognized in G&A totaled approximately RMB14.7 million.
Research and development (''R&D'') expenses were RMB4.4 million (US$0.6 million) in the fourth quarter of 2007, compared to RMB4.6 million in the same period of 2006 and RMB4.3 million in the third quarter of 2007.
Amortization of other intangible assets was RMB6.4 million (US$0.9 million) in the fourth quarter of 2007, compared to RMB6.3 million in the fourth quarter of 2006 and RMB6.4 million in the third quarter of 2007. The higher amortization compared to the fourth quarter of 2006 was primarily due to the impact of push-down accounting related to the acquisition by Qiao Xing Universal Telephone Inc. of the remaining 20% interest in Qiao Xing Mobile on November 30, 2006.
Total share-based compensation expenses, which have been allocated to S&D, G&A and R&D expenses, decreased to RMB9.4 million (US$1.3 million) in the fourth quarter of 2007 from RMB13.6 million in the previous quarter, primarily because certain options had already become fully vested in November 2007 and also because of the appreciation of the RMB against the US$. No share-based compensation expenses were incurred in the fourth quarter of 2006.
Operating income was RMB185.5 million (US$25.4 million) in the fourth quarter of 2007, compared to RMB58.4 million in the fourth quarter of 2006 and an increase of 3.7% from RMB178.9 million in the third quarter of 2007.
Net income was RMB142.7 million (US$19.6 million) in the fourth quarter of 2007, compared to RMB38.2 million in the fourth quarter of 2006 and RMB138.3 million in the third quarter of 2007. Basic and diluted EPS before extraordinary items for the fourth quarter of 2007 were both RMB2.72 (US$0.37).
Fiscal Year 2007 Results
Revenues in 2007 were RMB3,141.1 million (US$430.6 million), representing an increase of 23.8% compared to RMB2,537.2 million in 2006, primarily due to increases in unit sales volume, which was offset to a certain extent by a decrease in the ASP of the handsets shipped.
Handset shipments in 2007 were approximately 3,816,000 units, representing an increase of 68.7% compared to approximately 2,262,000 units in 2006. The increase in handset shipments was primarily driven by the increase in the unit sales volume of our C1000 model handsets from 9,400 units in 2006 to 1,045,000 units in 2007, and the commercial launch of new models, such as C1000+, C2000, T100 and W100, which generated aggregate sales volume of approximately 2,026,000 units in 2007. The increase in handset shipments was also due to our increased sales and marketing efforts, including the increased marketing expenditures, increased use of TV infomercial direct sales programs and the expansion of our sales and distribution network to include internet direct sales in 2007. Sales to our TV and internet direct sales distributors totaled 1,090,000 units in 2007.
The ASP of handset products shipped in 2007 was RMB816 (US$112), representing a decrease of 25.4% compared to RMB1,094 in 2006. The drop in the ASP compared to last year was primarily due to the increased sales volume and percentage of total sales of lower-cost but higher-margin differentiated products such as the C1000 series ultra-long standby handsets.
Gross profit in 2007 was RMB885.3 million (US$121.4 million), compared to RMB475.0 million in 2006, primarily due to the increased sales volume of handset products. Our gross margin increased from 18.7% in 2006 to 28.2% in 2007, reflecting the success of several high-margin differentiated products launched in 2007, including the C1000 series ultra-long standby models, the T100 fingerprint recognition information security models and the W100 wrist watch handset. In addition, our increased use of TV infomercial direct sales programs and our foray into internet direct sales in 2007 also helped boost our margins as we were able to charge a higher price for our products due to the increased advertisement exposures.
Selling and distribution (''S&D'') expenses in 2007 were RMB36.3 million (US$5.0 million), compared to RMB14.8 million in 2006. The significant increase in selling and distribution expenses was primarily driven by an increase in advertising and promotional expenses by RMB13.5 million from RMB12.9 million in 2006 to RMB26.4 million ($3.6 million) in 2007 and sales commissions of RMB6.1 million ($0.8 million) paid to the Company's TV infomercial partners in 2007. The higher advertising and promotional expenses in 2007 mainly resulted from an increase in the use of TV infomercial direct sales programs to sell and market our products and higher expenditures on advertising and promotional activities. The commission of RMB6.1 million paid in 2007 was to reward our TV infomercial partners for the sales that the TV infomercials helped generate in our traditional sales channels.
General and administrative (''G&A'') expenses in 2007 were RMB69.0 million (US$9.5 million), compared to RMB21.0 million in 2006. The year-over-year increase was primarily due to the higher share-based compensation expenses, payroll-related expenses, professional service fees, bad debt expenses and office expenses. Our share-based compensation expenses recognized in G&A expenses increased from RMB3.5 million in 2006 to RMB36.3 million ($5.0 million) in 2007 as a result of the grant of share options to our employees and a director in March 2007.
Research and development (''R&D'') expenses in 2007 were RMB18.6 million (US$2.6 million), an increase of 14.2% from RMB16.3 million in 2006. The increase in research and development expenses was mainly due to the recognition of share-compensation expenses of RMB1.9 million ($0.3 million) in 2007.
As a result of push-down accounting, which arose due to the acquisition by Qiao Xing Universal Telephone Inc. of the remaining 20% interest in Qiao Xing Mobile on November 30, 2006, an in-process research and development charge of RMB41.7 million was recognized in 2006. There was no such charge in 2007.
Amortization of other intangible assets in 2007 was RMB32.3 million (US$4.4 million), compared to RMB15.2 million in 2006. The increase was primarily due to the impact of push-down accounting, which arose due to the acquisition by Qiao Xing Universal Telephone Inc. of the remaining 20% interest in Qiao Xing Mobile on November 30, 2006.
The total share-based compensation expenses, which have been allocated to S&D, G&A and R&D expenses, were RMB38.6 million (US$5.3 million) in 2007, compared to RMB3.5 million in 2006.
The operating income in 2007 was RMB729.0 million (US$99.9 million), compared to RMB366.0 million in 2006.
The net income in 2007 was RMB593.5 million (US$81.4 million), compared to RMB286.7 in 2006. Basic and diluted EPS in 2007 were RMB12.28 (US$1.68), compared to RMB7.16 in 2006.
Review and Outlook
Dr. David Li, the Chief Executive Officer of Qiao Xing Mobile concluded, ''We have a number of products and initiatives in the pipeline that lead us to believe that 2008 will be yet another good year for our company. We launched the C3100 at the end of December 2007 and have seen good shipments so far. While the C3100 is an ultra-low cost model that primarily targets rural customers, we still expect to enjoy high margins given the handset's unique bright flashlight and ultra-long standby feature, which should help make it particularly popular in regions with limited or unstable electricity.
We also have several new and fairly unique models in the pipeline that we plan to release in 2008. We have developed our own luxury series that will be marketed under the ''VEVA'' brand and will target high end users. VEVA features top-of-the-line components and materials, including jewels, leather and stainless steel. We also plan to launch the C3600, which will be both a mobile phone and push-to-talk walkie-talkie, and the C3800, which will be able to function both as a mobile handset and a cordless phone.
On the distribution side, TV infomercials were very successful in 2007 and we expect them to continue to be one of the most important aspects of our marketing channel in 2008. Additionally, we plan to devote resources to our internet platform. We have established strategic partnership with Beidou, the largest mobile handset Internet sales platform in China, and with Joyo Amazon, a subsidiary of Amazon.com, Inc. and one of the largest online stores in China.
Although competition continues to intensify in the Chinese handset market, we believe our strategy will help us continue to deliver good results in 2008.''
Recent Developments
Change of use of IPO proceeds
In the final prospectus for the initial public offering (''IPO'') of the ordinary shares of the Company, dated May 2, 2007, it was disclosed that the Company intended to use approximately US$20 million from the proceeds of the Company's IPO to purchase equipment for a new manufacturing facility in Huizhou (''Allocated Proceeds''). On April 18, 2008, the board of directors of the Company approved the reallocation of US$18 million of the Allocated Proceeds to fund the Company's working capital requirements as management has considered the current practice to outsource certain manufacturing procedures would be most cost efficient to the Company's production activity. The remaining US$2 million of the Allocated Proceeds will continue to be used for the purchase of equipment for the set up of a new facility that will be engaged in the production of molds, cast components and other handset products.
Resignation and Appointment of Independent Directors
Mr. Hui Zhang, one of the independent directors, resigned due to personal reasons on February 18, 2008 and Dr. Xin Zhang was appointed as the replacing independent director by the Board of Directors on the same day. Dr. Xin Zhang is the Chairman and chief executive officer of Sinocro Partners, a merchant bank specialized in China-related investment and advisory services. Before founding Sinocro Partners, Dr. Zhang was the CEO of Chipscreen Bioscience (''Chipscreen''). Chipscreen was recognized as one of the ten most potential biotech and pharmaceutical companies in China. China Medicine Economic News recognized Dr. Zhang as one of ''China's New Strength, Top Individuals of China Pharmaceutical Industry'' in 2003. Prior to joining Chipscreen, Dr. Zhang was the Managing Director at Delirium, a global strategic consulting company in New York, Hong Kong and China. Dr. Zhang also had work experience in KPMG and Credit Suisse First Boston. Dr. Zhang received his Ph.D. from University of Pennsylvania, M.D. from Tianjin Medical University and MBA from the University of Chicago with a concentration in Finance and Accounting.
Conference Call Information
Qiao Xing Mobile will host a conference call and live webcast to discuss the results on April 21, 2008 at 8 a.m. US Eastern Time, which corresponds to April 21, 2008 at 8 p.m. Beijing/Hong Kong time.
To participate in the live call, please dial:
U.S. dial-in Number: 866-543-6405
International dial-in Number: 617-213-8897
HK dial-in Number: 852-3002-1672
China dial-in Number: 10-800-130-0399
Passcode: QXM
A live and archived webcast of the conference call will be available at http://www.qxmc.com/ .
A telephone replay of the call will be available after the conclusion of the conference call through 11:00 a.m. Eastern Time on April 28, 2008. The dial-in details for the replay are as follows:
-- International dial-in number: 617-801-6888
Access Code: 37096285
About Qiao Xing Mobile Communication Co., Ltd.
Qiao Xing Mobile Communication Co., Ltd. is one of the leading domestic manufacturers of mobile handsets in China in terms of unit sales volume. The Company manufactures and sells mobile handsets based primarily on Global System for Mobile Communications, or GSM, global cellular technologies. It operates its business primarily through CEC Telecom Co., Ltd., or CECT, its 96.6%-owned subsidiary in China. Currently, all of its products are sold under the "CECT" brand name. Through its manufacturing facility in Huizhou, Guangdong Province, China, and two research and development centers in Huizhou and in Beijing, the Company develops, produces and markets a wide range of mobile handsets, with increasing focus on differentiated products that generally generate higher profit margins. For more information, please visit http://www.qxmc.com/ .
Safe Harbor Statement
This announcement contains forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, these forward-looking statements can be identified by words or phrases such as "aim," "anticipate," "believe," "continue," "estimate," "expect," "intend," "is /are likely to," "may," "plan," "potential," "will" or other similar expressions. Statements that are not historical facts, including statements about Qiao Xing Mobile's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward- looking statement. Information regarding these factors is included in our filings with the Securities and Exchange Commission. Qiao Xing Mobile does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of April 21, 2008, and Qiao Xing Mobile undertakes no duty to update such information, except as required under applicable law.
(1) This announcement contains translations of certain Renminbi (RMB)
amounts into United States dollars (US$) at specified rates solely for
the convenience of the reader. Unless otherwise noted, all
translations from RMB to US$ were made at a rate of RMB7.2946 to
US$1.00, the effective noon buying rate as of December 31, 2007 in the
City of New York for cable transfers of RMB as certified for customs
purposes by the Federal Reserve Bank of New York. No representation
is made that the RMB amounts referred to in this announcement could
have been or could be converted into U.S. dollars at any particular
rate or at all.
For further information, contact:
Ma Tao
Qiao Xing Mobile Communication Co., Ltd.
Tel: +86-10-6250-1706
Email: matao@cectelecom.com
Peter Homstad
Christensen
Tel: +1-480-614-3026
Email: phomstad@ChristensenIR.com
Jung Chang
Christensen
Tel: +852-2117-0861
Email: jchang@ChristensenIR.com
Qiao Xing Mobile Communication Co., Ltd. and Subsidiaries
Unaudited Condensed Consolidated Balance Sheets
(amounts in thousands)
December 31,
2006 2007
RMB RMB
(Note 4)
Assets
Cash 762,086 2,729,982
Restricted cash 119,302 94,384
Accounts receivable, net 546,893 418,564
Bills receivable 27,635 --
Inventories 163,833 177,279
Prepayments to suppliers 232,008 155,993
Prepaid expenses and other current assets 38,193 19,295
Deferred income taxes 3,960 5,685
Total current assets 1,893,910 3,601,182
Property, machinery and equipment, net 190,511 175,469
Land use rights 38,106 36,106
Equity investment 7,803 7,803
Goodwill 112,814 112,814
Other intangible assets, net 93,008 60,728
Total assets 2,336,152 3,994,102
Liabilities, minority interests and
shareholders' equity
Short-term borrowings 602,790 983,904
Accounts payable 165,326 107,990
Prepayments from customers 15,389 4,585
Accrued liabilities 35,360 41,401
Amounts due to related parties 345,122 4,532
Other payables and current liabilities 20,298 58,630
Income taxes payable 22,943 38,722
Total current liabilities 1,207,228 1,239,764
Deferred income taxes 11,740 5,561
Total liabilities 1,218,968 1,245,325
Minority interests 76,896 78,235
Shareholders' equity 1,040,288 2,670,542
Total liabilities, minority interests
and shareholders' equity 2,336,152 3,994,102
Qiao Xing Mobile Communication Co., Ltd. and Subsidiaries
Unaudited Condensed Consolidated Statements of Operations
(amounts in thousands, except share and per share data)
(Old Basis) (New Basis) (Combined) (New Basis)
Note (1) Note (1) Note (1) Note (1)
January 1, November 30,
2006 to 2006 to Year ended Year ended
November 30, December 31, December December
Note 2006 2006 31, 2006 31, 2007
RMB RMB RMB RMB
Revenues 2,281,198 256,013 2,537,211 3,141,094
Cost of
goods
sold (1,843,327) (218,882) (2,062,209) (2,255,844)
Gross
profit 437,871 37,131 475,002 885,250
Operating
expense:
Selling and
distribution (12,054) (2,707) (14,761) (36,322)
General
and
admini-
strative (19,879) (1,170) (21,049) (69,032)
Research
and
development (15,131) (1,161) (16,292) (18,599)
In-process
research
and
development -- (41,739) (41,739) --
Amortization
of other
intangible
assets (10,890) (4,288) (15,178) (32,280)
Operating
income
(loss) 379,917 (13,934) 365,983 729,017
Other
income
(expense):
Interest
income 5,320 631 5,951 16,373
Interest
expense (27,115) (2,213) (29,328) (47,034)
Foreign
currency
exchange
gain,
net 9,628 1,502 11,130 12,022
Other
income,
net 3,857 579 4,436 873
Earnings
(loss)
before
income tax
expense,
minority
interests
and extra-
ordinary
items 371,607 (13,435) 358,172 711,251
Income tax
expense (55,991) (4,251) (60,242) (113,377)
Earnings
(loss)
before
minority
interests
and extra-
ordinary
items 315,616 (17,686) 297,930 597,874
Minority
interests (27,260) (1,799) (29,059) (33,074)
Earnings
(loss)
before
extra-
ordinary
items 288,356 (19,485) 268,871 564,800
Extra-
ordinary
items:
Gains on
acquisitions
of
additional
equity
interests
in CECT,
net of
nil tax 17,796 -- 17,796 28,689
Net income
(loss) 306,152 (19,485) 286,667 593,489
Basic and
diluted
earnings
(loss) per
share: (2)
Earnings
(loss)
before
extra-
ordinary
items 7.21 (0.49) 6.72 11.69
Extra-
ordinary
gains 0.44 -- 0.44 0.59
Earnings
(loss)
per share 7.65 (0.49) 7.16 12.28
Weighted
average
number of
shares
outstanding (2) 40,000,000 40,000,000 40,000,000 48,322,000
Qiao Xing Mobile Communication Co., Ltd. and Subsidiaries
Unaudited Condensed Consolidated Statements of Operations
(amounts in thousands, expect share and per share data)
(Old Basis) (New Basis) (Combined) (New Basis)
Note (1) Note (1) Note (1) Note (1)
October 1, November 30, 3 months 3 months 3 months
2006 to 2006 to ended ended ended
Note November 30, December 31, December September December
2006 2006 31, 2006 30, 2007 31, 2007
RMB RMB RMB RMB RMB
(Restated)
Note (3) &
(4)
Revenues 501,453 256,013 757,466 831,744 746,973
Cost of
goods
sold (416,732) (218,882) (635,614) (613,478) (526,253)
Gross
profit 84,721 37,131 121,852 218,266 220,720
Operating
expense:
Selling
and
distribution (3,862) (2,707) (6,569) (7,514) (4,511)
General
and
admini-
strative (3,092) (1,170) (4,262) (21,227) (20,032)
Research
and
development (3,418) (1,161) (4,579) (4,322) (4,373)
In-process
research
and
development -- (41,739) (41,739) -- --
Amortization
of other
intangible
assets (1,980) (4,288) (6,268) (6,350) (6,350)
Operating
income
(loss) 72,369 (13,934) 58,435 178,853 185,454
Other
income
(expense):
Interest
income 902 631 1,533 5,032 4,607
Interest
expense (5,279) (2,213) (7,492) (13,000) (15,824)
Foreign
currency
exchange
gain,
net 4,912 1,502 6,414 1,490 3,062
Other
income,
net 1,160 579 1,739 208 425
Earnings
(loss)
before
income
tax
expense,
minority
interests 74,064 (13,435) 60,629 172,583 177,724
Income
tax
expense (12,275) (4,251) (16,526) (28,711) (29,294)
Earnings
(loss)
before
minority
interests 61,789 (17,686) 44,103 143,872 148,430
Minority
interests (4,142) (1,799) (5,941) (5,579) (5,779)
Net
income
(loss) 57,647 (19,485) 38,162 138,293 142,651
Basic
and
diluted
earnings
(loss)
per
share (2) 1.44 (0.49) 0.95 2.63 2.72
Weighted
average
number
of
shares
outst-
anding (2) 40,000,000 40,000,000 40,000,000 52,500,000 52,500,000
Qiao Xing Mobile Communication Co., Ltd. and Subsidiaries
Unaudited Condensed Consolidated Statements of Cash Flows
(amounts in thousands)
(Old Basis) (New Basis) (Combined) (New Basis)
Note (1) Note (1) Note (1) Note (1)
January 1, November 30, Year ended Year ended
2006 to 2006 to December December
November 30, December 31, 31, 31,
2006 2006 2006 2007
RMB RMB RMB RMB
Net cash provided by
(used in) operating
activities 513,378 (215,111) 298,267 855,524
Net cash (used in)
provided by investing
activities (249,317) 63,431 (185,886) 23,016
Net cash provided by
financing
activities 69,661 200,667 270,328 1,117,327
Effect of foreign
exchange rate changes -- -- -- (27,971)
Net increase in cash 333,722 48,987 382,709 1,967,896
Cash, beginning of
period / year 379,377 713,099 379,377 762,086
Cash, end of period /
year 713,099 762,086 762,086 2,729,982
Qiao Xing Mobile Communication Co., Ltd. and Subsidiaries
Notes to Unaudited Condensed Consolidated Financial Statements
(1) Due to the impact of push-down accounting adjustments resulting from Xing's purchase of the remaining 20% equity interest in our Company on November 30, 2006, as more fully described in ''Management's discussion and analysis of financial condition and results of operations -- Financial impact of our corporate history'' in our prospectus filed with the Securities and Exchange Commission in May 2007, our consolidated statement of operations and statement of cash flows for the year ended December 31, 2006 are presented by two separate periods: (1) the ''old basis'' period from January 1, 2006 through November 30, 2006 and (2) the ''new basis'' period from November 30, 2006 through December 31, 2006. Similarly, our consolidated financial data for the three months ended December 31, 2006 are also presented by two separate periods: (1) the ''old basis'' period from October 1, 2006 through November 30, 2006 and (2) the ''new basis'' period from November 30, 2006 through December 31, 2006. The combined financial data for the year ended December 31, 2006 set forth in the above tables are sums of the data for the period from January 1, 2006 to November 30, 2006 and the period from November 30, 2006 to December 31, 2006, while the combined financial data for the three months ended December 31, 2006 are sums of the data for the period from October 1, 2006 to November 30, 2006 and the period from November 30, 2006 to December 31, 2006. Although the presentation of the combined financial data for the year and the 3 months ended December 31, 2006 is not in accordance with U.S. GAAP, we believe this combination is useful to provide investors with a more complete understanding of our results of operations from period to period.
(2) Basic and diluted earnings per share data reflects on a retroactive basis a 40-for-one share split that became effective on April 13, 2007. There were no dilutive potential ordinary shares during the period from January 1, 2006 through November 30, 2006 and the period from November 30, 2006 through December 31, 2006. The dilutive potential ordinary shares during the year ended December 31, 2007, which consist of shares issuable pursuant to the Company's stock option plan, had an anti-dilutive effect and accordingly, basic and diluted earnings per share were both the same during the year ended December 31, 2007 and the three months ended September 30, 2007 and December 31, 2007.
(3) The financial statements of the Company for the three months ended September 30, 2007 have been revised to correct an immaterial error that resulted from a change in the functional currency of the Company from Renminbi to United States dollar. With the completion of the Company's listing on the NYSE on May 3, 2007, substantially all of its cash and financings are now denominated in United States dollars. Due to this significant change in the Company's economic facts and circumstances, management concluded that the Company's functional currency should be changed from Renminbi to United States dollars, effective May 3, 2007. The functional currency of all other companies in the Group continues to be Renminbi. The change in functional currency has resulted in an increase in the previously reported consolidated net income of the Group by approximately RMB9.4 million and RMB4.9 million, respectively, for the three months ended June 30, 2007 and September 30, 2007.
(4) Certain reclassifications have been made to the prior period/year's financial statements to conform to the current period/year's presentation.
(5 The accompanying unaudited condensed consolidated financial statements do not fully comply with U.S. GAAP because of the omission of certain required disclosures.
Qiao Xing Mobile Communication Co., Ltd.
CONTACT: Ma Tao of Qiao Xing Mobile Communication Co., Ltd., +86-10-6250-1706, or matao@cectelecom.com; Peter Homstad of Christensen, +1-480-614-3026, or phomstad@ChristensenIR.com; or Jung Chang of Christensen, +852-2117-0861, or jchang@ChristensenIR.com
Web Site: http://www.qxmc.com/
New Research Study Indicates Green Movement to Grow in Importance for Datacentre Providers
LONDON, April 21 /PRNewswire/ --
- Digital Realty Trust Survey Also Finds that Vendors Need to Articulate
Green Datacentre Strategies in the Next 24 Months
Digital Realty Trust, Inc. (NYSE: DLR), a leading owner and manager of
corporate and Internet gateway datacentres, is reporting new research data
entitled, "How Green is Green?" focused on determining the depth of the Green
movement in the European datacentre market. The release of this data follows
the publication of a parallel study of the North American datacentre market.
This European study is based on a recent poll of senior decision makers who
are leaders in datacentres or influence significant decisions related to
datacentre operations at large European companies. The surveyed companies
come from a wide range of industries, a quarter of which are from financial
related services.
Key findings from the research study and additional data points are
provided below:
-- 60 per cent of respondents have a declared green strategy.
-- Firms with green strategy are largely holistic in nature and think
their strategy must include both the facility as well as the equipment
operating within it.
-- Datacentre carbon footprints are a key area of concern: over 60 per
cent of respondents include the purchase of carbon credits in their
overall green strategy.
-- Less than 50 per cent of respondents require vendors to have a green
strategy.
-- Less than 35 per cent of survey participants know of a datacentre
partner with a declared green strategy. The lack of clear vendor
strategies leads to leniency.
-- The need for vendors to articulate a green strategy will only continue
to grow in the next 13 to 24 months: over 60 per cent or respondents
indicate that this need will continue to increase within the next two
years.
"At the same time that we conducted this survey of European companies, we
did a study of green datacentre trends in North America. There are some
interesting findings that I believe have relevance to the European market.
The North American survey indicates that forward momentum of green datacentre
initiatives has stalled or even lost ground. The primary culprit appears to
be the lack of clear industry standards for green datacentres," said Jim
Smith, Vice President of Engineering at Digital Realty Trust. "European
companies expressed similar concern about the lack of clear, practical
industry standards, and that could be a harbinger of a similar green
'slowdown' in Europe. Companies are looking to the datacentre industry for
leadership and clarity on how to define, design and operate a green
datacentre. The industry must make this a key focus this year."
A number of additional findings from the research study are as follows:
-- Respondents feel that there are many potential standards bodies to
choose from but there is still no clear leader. The key factor for
this is that the definition of Green is not universally adopted.
-- No clear definition of 'Green' exists and multiple components are
currently viewed as green. At the moment survey participants feel that
coalescence is required around a defined set of principles. Almost 70
per cent see efficient power usage as the 'greenest' component.
-- Being "Green" will become an essential selection criteria for vendors
within the next 24 months: almost 70 per cent of respondents indicated
that this will be an important selection criteria in the next 24
months.
-- Green Strategy is expected to grow as a requirement for vendors in the
next 12 to 24 months, forcing datacentre firms to articulate and
clarify their green strategies.
"Digital Realty Trust takes great pride in being an industry leader in
green datacentre design and operations. We are also committed to supporting
industry-wide initiatives to increase datacentre efficiency," said Jim Smith.
"One of the key ways we are doing this is by sharing energy efficiency data.
We are the first company in the datacentre industry to do so, in response to
customers and other end-user organizations who are seeking data and
benchmarks that educate them about the energy efficiency of competing
facilities and about how their datacentre can support their corporate green
strategy."
Smith added, "We are also supporting industry-wide green datacentre
initiatives by continuing to be an active member of The Green Grid, which is
doing excellent work establishing standards and best practices for datacentre
energy efficiency. We will continue to be a leader in applying LEED and
BREEAM specifications to our building design and operations. Although these
specifications are not designed specifically for datacentres, they have
tremendous value for institutional building owners like Digital Realty Trust.
These specifications provide a holistic view of how buildings impact our
environment and a proven methodology for minimizing that impact."
To read the results of the North American study of green datacentre
trends, visit the "News" section at http://www.digitalrealtytrust.com.
Digital Realty Trust will also host a Webinar about the results of these
green datacentre trend studies on Monday, 21st April, 2008. The Webinar,
entitled "How Green is Green?" will be conducted by Bernard Geohegan, Vice
President, Europe, who will provide additional data and analysis of these
trends. To register for the Webinar, visit
http://www.digitalrealtytrust.com/webinar_registration.asp.
About the Methodology
Metrics reported in this study are based on Web-based surveys of IT
decision makers at large corporations in five European countries: the U.K.,
Germany, France, the Netherlands and Ireland. Almost 100 per cent of all
surveyed companies have annual revenues greater than 1 billion Euros. 69 per
cent of them have 5000 or more employees worldwide and 52 per cent over 7500.
All surveyed organisations are "leaders" in setting industry direction based
on expense related to datacentre design and construction. Approximately 60
per cent of the respondents were Managing Directors and almost 13 per cent
are "C" level executives. The survey was conducted in March 2008.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. owns, acquires, redevelops, develops and
manages technology-related real estate. The Company is focused on providing
Turn-Key Datacentre(TM) and Powered Base Building(TM) datacentre solutions
for domestic and international tenants across a variety of industry verticals
ranging from information technology and internet enterprises, to
manufacturing and financial services. Digital Realty Trust's 71 properties,
excluding one property held as an investment in an unconsolidated joint
venture, contain applications and operations critical to the day-to-day
operations of technology industry tenants and corporate enterprise datacentre
tenants. Comprising approximately 1.2 million rentable square metres (12.6
million square feet) as of April 1, 2008, including 186,000 square metres (2
million square feet) of space held for redevelopment, Digital Realty Trust's
portfolio is located in 26 markets throughout Europe and North America. For
additional information, please visit Digital Realty Trust's website at
http://www.digitalrealtytrust.com.
Safe Harbor Statement
This press release contains forward-looking statements which are based on
current expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to differ
materially, including statements related to the growth in the need for
vendors to articulate a green strategy and Digital Realty Trust's intention
to continue to be a leader in applying LEED and BREEAM specifications. These
risks and uncertainties include adverse economic or real estate developments
in our markets or the technology industry; our dependence upon significant
tenants; bankruptcy or insolvency of a major tenant; downturn of local
economic conditions in our geographic markets; our inability to comply with
the rules and regulations applicable to public companies or to manage our
growth effectively; difficulty acquiring or operating properties in foreign
jurisdictions; defaults on or non-renewal of leases by tenants; increased
interest rates and operating costs; our failure to obtain necessary outside
financing; restrictions on our ability to engage in certain business
activities; risks related to joint venture investments; decreased rental
rates or increased vacancy rates; inability to successfully develop and lease
new properties and space held for redevelopment; difficulties in identifying
properties to acquire and completing acquisitions; increased competition or
available supply of data centre space; our failure to successfully operate
acquired properties; our inability to acquire off-market property; delays or
unexpected costs in development or redevelopment of properties; our failure
to maintain our status as a REIT; possible adverse changes to tax laws;
environmental uncertainties and risks related to natural disasters; financial
market fluctuations; changes in foreign currency exchange rates; changes in
foreign laws and regulations, including those related to taxation and real
estate ownership and operation; and changes in real estate and zoning laws
and increases in real property tax rates. For a further list and description
of such risks and uncertainties, see the reports and other filings by the
Company with the United States Securities and Exchange Commission, or SEC,
including the Company's annual report on Form 10-K for the year ended
December 31, 2007, and subsequent reports Form 8-K filed with the SEC. The
Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
For Additional Information:
A. William Stein
Chief Financial Officer and
Chief Investment Officer
Digital Realty Trust, Inc.
+1-415-738-6500
Pamela A. Matthews
Investor/Analyst Information
Digital Realty Trust, Inc.
+1-415-738-6500
Chris Crosby
Sales & Technical Operations
Digital Realty Trust, Inc.
+1-214-231-1350
Web site: http://www.digitalrealtytrust.com
Digital Realty Trust, Inc.
A. William Stein, Chief Financial Officer and Chief Investment Officer, or Pamela A. Matthews, Investor-Analyst Information, both of Digital Realty Trust, Inc., +1-415-738-6500, or Chris Crosby, Sales & Technical Operations of Digital Realty Trust, Inc., +1-214-231-1350
Une nouvelle étude souligne l'importance croissante de la dimension écologique pour les fournisseurs de service de centres de données
LONDRES, April 21 /PRNewswire/ --
- L'enquête de Digital Realty Trust indique aussi que les vendeurs ont
besoin d'articuler des stratégies de centres de données verts dans les 24
prochains mois
Digital Realty Trust, Inc. (NYSE: DLR), un important propriétaire et
exploitant de centres de données et de passerelles Internet d'entreprise,
présente une nouvelle recherche intitulée << How Green is Green ? >>, dont
l'objectif était de déterminer l'importance des politiques de protection de
l'environnement dans le marché européen des centres de données. La
publication de ces données fait suite à celle d'une étude parallèle du marché
des centres de données aux Etats-Unis. Cette étude européenne est basée sur
un sondage récent des plus importants preneurs de décision qui sont des
leaders en matière de centres de données ou qui influencent les décisions
majeures associées au fonctionnement des centres de données dans de grandes
entreprises européennes. Les sociétés sondées sont issues d'une importante
variété d'industries. Un quart d'entre elles appartiennent au secteur des
services financiers.
Les principales conclusions de cette étude ainsi que d'autres données
complémentaires sont indiquées ci-dessous :
-- 60 % des répondants ont une stratégie verte déclarée.
-- Les sociétés possédant une stratégie verte sont essentiellement de
nature holistique et pensent que leur stratégie doit inclure à la fois
le site ainsi que l'équipement qu'il abrite.
-- Les empreintes carbones des centres de données sont au centre des
préoccupations : plus de 60 % des répondants incluent l'achat de
credits carbones dans leur stratégie verte générale.
-- Moins de 50 % des répondants demandent aux vendeurs d'avoir une
stratégie verte.
-- Moins de 35 % des participants à l'enquête connaissent un centre de
données partenaire avec un stratégie verte déclarée. Le manque de
strategies vendeur claires entraîne une certaine indulgence.
-- Le besoin pour les vendeurs d'articuler une stratégie verte ne fera
que continuer de croître dans les prochains 13 à 24 mois : plus de
60 % des répondants indiquent que ce besoin continuera d'augmenter
dans les deux prochaines années.
<< En parallèle à cette étude des sociétés européennes, nous avons
effectué une étude des tendances écologiques des centres de données en
Amérique du Nord. Nous avons tiré des conclusions intéressantes qui, je
pense, sont applicables au marché européen. L'enquête en Amérique du Nord
indique que l'élan des initiatives de centres de données verts s'est arrêté
et a même perdu du terrain. Le coupable principal semble être le manque de
normes claires pour l'industrie en matière de centres de données verts >>,
explique Jim Smith, vice-président responsable de l'ingénierie chez Digital
Realty Trust. << Les sociétés européennes sont aussi inquiètes du manque de
normes claires et pragmatiques, et cela est susceptible d'entraîner en Europe
une réaction de ralentissement similaire. Les entreprises attendent de
l'industrie des centres de données qu'elle fasse preuve d'initiative et de
clarté sur la façon de définir, de concevoir et d'exploiter un centre de
données vert. L'industrie doit en faire une priorité cette année. >>
Parmi les autres conclusions de cette étude, citons :
-- Les répondants pensent qu'il existe de nombreuses organisations de
normes parmi lesquelles choisir mais qu'il n'y a cependant pas de
leader indiscutable. Le facteur clé de cette situation est que la
définition du concept << Vert >> n'est pas universellement adoptée.
-- Il n'y a pas de définition claire de << Vert >> et de multiples
composants sont actuellement considérés comme verts. A l'heure
actuelle, les répondants à l'enquête pensent qu'il est nécessaire de
se regrouper et de s'associer autour d'un ensemble déterminé de
principes. Presque 70 % des répondants pensent que la consommation
d'énergie est le composant le plus important en matière de politique
de protection de l'environnement.
-- Etre << Vert >> va devenir un critère de sélection essentiel pour les
vendeurs dans les prochains 24 mois : presque 70 % des répondants ont
indiqué que cela deviendra un critère de sélection important dans les
24 prochains mois.
-- La stratégie verte devrait gagner de l'ampleur en tant qu'exigence
pour les vendeurs, dans les prochains 12 à 24 mois, forçant les
centres de données à articuler et à clarifier leurs stratégies dans ce
domaine.
<< Digital Realty Trust est fier de son rôle leader dans l'industrie en
matière de conception et d'exploitation de centres de données verts. Nous
sommes aussi déterminés à soutenir des initiatives à l'échelle de l'industrie
afin d'augmenter l'efficacité des centres de données >> déclare Jim Smith.
<< Une de nos principales initiatives consiste à partager les données
d'efficacité de la consommation d'énergie. Nous sommes la première société
dans l'industrie des centres de données à agir ainsi, en réponse aux demandes
des clients et d'autres organisations d'utilisateurs finaux à la recherche de
données et de points de comparaison qui leur apportent des éléments sur
l'efficacité de la consommation d'énergie de sites concurrents et qui
expliquent comment leur centre de données peut soutenir leur stratégie verte
à l'échelle de l'entreprise. >>
M. Smith a ajouté : << Nous supportons aussi les initiatives à l'échelle
du secteur en faveur de centres de données verts en continuant d'être un
membre actif de The Green Grid, qui effectue un travail remarquable dans
l'établissement de normes et de meilleures pratiques pour l'efficacité
énergétique des centres de données. Nous continuerons d'être un leader en
appliquant les spécifications LEED et BREEAM dans nos conception et nos
exploitations d'immeubles. Même si ces spécifications ne sont pas
spécifiquement conçues pour les centres de données, elles sont d'une grande
valeur pour les propriétaires d'immeubles institutionnels comme Digital
Realty Trust. Ces spécifications fournissent une vue holistique sur l'impact
des immeubles sur l'environnement ainsi qu'une méthodologie éprouvée pour
minimiser cet impact. >>
Pour découvrir les résultats de l'étude nord-américaine sur les tendances
des centres de données en matière de protection de l'environnement, veuillez
consulter la section << Nouvelles >> sur http://www.digitalrealtytrust.com.
Digital Realty Trust organisera aussi un Webinar sur les résultats concernant
ces tendances vertes des centres de données le lundi 21 avril 2008. Le
webinar intitulé << How Green is Green ? >> sera dirigé par Bernard Geohegan,
vice-président, Europe, qui fournira des données et des analyses
additionnelles à propos de ces tendances. Pour s'inscrire au Webinar,
veuillez consulter
http://www.digitalrealtytrust.com/webinar_registration.asp.
A propos de la méthodologie
Les résultats présentés dans cette étude sont tirés d'un sondage Internet
de preneurs de décisions en informatique travaillant pour des grandes
entreprises dans les cinq pays européens suivants : Royaume-Uni, Allemagne,
France, Pays-Bas et Irlande. Presque toutes les entreprises interrogées ont
des revenus annuels supérieurs à 1 milliard d'euros. Soixante neuf pour cent
d'entre elles emploient au moins 5000 personnes et 52 % plus de 7500. Sur la
base de leurs dépenses en matière de conception et de construction de centres
de données, toutes les entreprises interrogées influencent la direction que
prend le secteur dans son ensemble. Environ 60 % des répondants étaient des
directeurs et presque 13 % étaient au niveau de cadres supérieurs ou cadres
dirigeants. L'enquête a été effectuée en mars 2008.
A propos de Digital Realty Trust, Inc
Digital Realty Trust, Inc. détient, acquiert, développe, redéveloppe et
gère des biens immobiliers relatifs à la technologie. La société se concentre
sur la fourniture de solutions de centres de données Turn-Key Datacentre(TM)
et Powered Base Building(TM) pour les locataires nationaux et internationaux
dans diverses industries verticales allant des entreprises informatiques et
Internet aux services financiers et de fabrication. Les 71 propriétés de
Digital Realty Trust, sans compter un bien détenu en coentreprise non
consolidée, comprennent des applications et des opérations essentielles aux
opérations quotidiennes des locataires de l'industrie technologique et des
locataires de centres de données d'entreprises. Avec 1,2 millions de mètres
carrés louables (12,6 millions de pieds carrés), au 1er avril 2008, dont
186 000 mètres carrés (2 millions de pieds carrés) d'espace consacré au
redéveloppement, le portefeuille de Digital Realty Trust est réparti dans 26
marchés en Amérique du Nord et en Europe. Pour tout renseignement
supplémentaire, veuillez visiter le site Internet de Digital Realty Trust au
http://www.digitalrealtytrust.com.
Déclaration de règle refuge
Ce communiqué de presse contient des énoncés prospectifs qui sont basés
sur des attentes, des prévisions et des hypothèses actuelles, qui impliquent
des risques et des incertitudes qui pourraient modifier les résultats réels
de manière substantielle, y compris les déclarations associées au besoin
croissant qu'ont les vendeurs d'articuler une stratégie verte et l'intention
de Digital Realty Trust de continuer d'être un leader dans l'application des
spécifications LEED et BREEAM. Ces risques et incertitudes comprennent les
développements économiques ou immobiliers contraires sur les marchés de la
Société ou dans l'industrie technologique ; notre dépendance sur des
locataires importants ; la faillite d'un locataire majeur ; le ralentissement
économique dans nos marchés géographiques ; notre incapacité à respecter les
règles et réglementations applicables aux sociétés cotées en bourse ou de
gérer notre croissance de façon efficace ; les difficultés pour acquérir ou
exploiter des propriétés dans des juridictions étrangères ; les défauts de
paiement ou les non-renouvellements de locations par les locataires ; les
augmentations des taux d'intérêt ou des coûts d'opération ; l'incapacité à
obtenir les financements extérieurs nécessaires ; les restrictions sur notre
capacité à entreprendre certaines activités commerciales ; les risques
associés aux investissements en joint-venture ; des taux de location en
baisse ou des taux de vacance en hausse ; l'incapacité à développer et à
louer de façon satisfaisante de nouvelles propriétés et de nouveaux espaces
destinés au redéveloppement ; les difficultés à identifier des propriétés à
acquérir et à conclure les acquisitions ; la recrudescence de la concurrence
ou l'augmentation d'espace disponible de centre de données ; l'incapacité à
exploiter correctement les propriétés acquises ; notre incapacité à acquérir
des propriétés hors du marché ; les retards ou les coûts inattendus dans le
développement ou le redéveloppement de propriétés ; notre incapacité à
conserver notre homologation REIT ; l'effet potentiellement adverse des
évolutions du droit fiscal ; les incertitudes et les risques environnementaux
associés aux désastres naturels ; les fluctuations du marché financier ;
l'évolution des taux de change ; les changements des lois et des
réglementations étrangères, y compris celles associées au fisc ainsi qu'à la
propriété immobilière et à son exploitation ; les modifications des lois sur
l'immobilier et sur le zonage et les augmentations des taxes immobilières.
Pour obtenir une liste et une description des risques et des incertitudes
plus détaillées, veuillez consulter les rapports et autres documents déposés
par la Société auprès de la Commission des opérations de bourse des
Etats-Unis (SEC), dont le rapport annuel de la Société sur formulaire 10-K
pour l'année ayant pris fin au 31 décembre 2007, et les rapports suivants sur
formulaires 8-K déposés auprès de la SEC. La Corporation se dégage de toute
responsabilité de remettre à jour ou de revoir tout énoncé prospectif, que ce
soit suite à de nouvelles informations, des évènements futurs ou d'autres
facteurs.
Pour plus de renseignements :
A. William Stein
Directeur financier et
Responsable des investissements
Digital Realty Trust, Inc.
+1-415-738-6500
Pamela A. Matthews
Informations investisseurs/analystes
Digital Realty Trust, Inc.
+1-415-738-6500
Chris Crosby
Ventes et opérations techniques
Digital Realty Trust, Inc.
+1-214-231-1350
Internet : http://www.digitalrealtytrust.com
Digital Realty Trust, Inc.
A. William Stein, Directeur financier et Responsable des investissements, ou Pamela A. Matthews, Informations investisseurs/analystes, tous les deux de Digital Realty Trust, Inc., +1-415-738-6500, ou Chris Crosby, Ventes et opérations techniques, Digital Realty Trust, Inc., +1-214-231-1350
Siemens Announces New OpenScape(R) Contact Center Solution for the OpenScape Unified Communications ServerSoftware-based offering provides Voice, UC and Contact Center capabilities in one integrated package
BOCA RATON, Fla., April 21 /PRNewswire-FirstCall/ -- Siemens Communications, Inc. today introduced the OpenScape(R) Contact Center, a comprehensive voice, unified communications and customer interaction software solution designed to work with virtually any existing telephony environment. It is based on Siemens' innovative new unified communications software foundation, OpenScape Unified Communications (UC) Server, which removes the artificial legacy barriers between today's traditionally separate voice, video and unified communications systems to enable a comprehensive suite of UC applications.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO )
The OpenScape Contact Center offering builds on the presence-enabled HiPath(R) ProCenter Enterprise contact center application to provide a platform to enhance customer interactions across multiple segments of an enterprise, on virtually any existing communication or network infrastructure. Coupled with the OpenScape Voice Application, this robust solution supports environments of up to 7,500 active agents and includes optional voice and contact center server redundancy with automated fail-over to help ensure availability of mission critical customer interaction systems.
Leveraging the OpenScape UC Server foundation, it can provide agents with an aggregated, unified desktop client view of all contact center personnel and enterprise users' presence and availability. This enables agents to specifically address urgent, complex, or sensitive customer interactions requiring escalation beyond the contact center and drives up first contact resolution by tapping the knowledge and expertise across the enterprise in real-time.
The OpenScape Contact Center also addresses the traditional limitations of the hardware intensive site-based contact center by migrating to SIP and providing the new OpenScape UC Application, Personal Edition, soft phone and productivity desktop for each agent. This SIP-based contact center virtualization capability makes every agent a UC user, while enabling agents to work in any location equipped with just headsets and minimally configured desktops. This easy, software-based expansion of 'on-demand' agents offers enterprises dramatic opportunities to leverage their distributed resources across multiple sites, branch offices, remote or home-based locations with secure IP network access.
Also announced today, the new IP-based Voice Portal application complements the OpenScape UC Server and adds to Siemens' already robust offering by delivering a comprehensive, natural speech enabled self-service solution. The open standards-based Voice Portal solution can help enhance the experience of customers calling in to a contact center by providing enhanced self-service options as well as more seamless integration with the contact center routing engine and virtual agents. It can help improve the opportunity to resolve issues on the first call while optimizing the use of agents and technology.
"The OpenScape Contact Center solution is further evidence of Siemens' ongoing transformation into a software-oriented company and is an important piece of the OpenScape UC Server platform," said Dana Rasmussen, President of Siemens Communications, Inc. "This solution rounds out Siemens' suite of UC applications by delivering a comprehensive, robust offering that demonstrates the value of Open Communications in customer interactions."
Computacenter, an IT service and solution provider that recently migrated its contact center service to the OpenScape Contact Center, saw the new solution as a means to help achieve their stated goals as a multi-national service provider. "We saw this as a way to increase our scalability, flexibility and resiliency. We are invigorating operations across multiple European and offshore locations using a highly scalable and more cost effective software deployment model. We are looking to expand our presence and collaboration capabilities into the virtualized enterprise," said Gavin McLachlan, UK IS director at Computacenter.
Pricing and Availability
The OpenScape Contact Center packaged offering, which includes the OpenScape UC Server, OpenScape Voice, HiPath ProCenter Enterprise, and OpenScape UC Application, Personal Editions, will be generally available June 30, 2008. The package starts at $33,750 for 100 voice users, 10 agents and 1 manager. The new Voice Portal solution is currently available, with pricing based on customer configuration starting at $31,150 based a 48-port configuration.
About Siemens
Siemens AG is one of the largest global electronics and engineering companies with reported worldwide sales of $107.4 billion in 2006. Founded 160 years ago, the company is a leader in the areas of Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $21.4 billion and employs approximately 70,000 people throughout all 50 states and Puerto Rico. Eleven of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 480,000 people in 190 countries. For more information on Siemens in the United States: http://www.usa.siemens.com/.
About Siemens Communications, Inc.
Siemens Communications, Inc. is an affiliate of Siemens Enterprise Communications GmbH & Co. KG, one of the world's leading suppliers of Unified Communications technologies. The company's unique Open Communications approach to providing software, solutions and services for enterprises of all sizes enables business processes to be more productive, faster and more secure - with any device, network or information technology infrastructure. Siemens Communications, Inc. and Siemens Enterprise Communications GmbH & Co. KG are wholly owned subsidiaries of Siemens AG, which has its global headquarters in Munich, Germany.
Note: Siemens, OpenScape and HiPath are registered trademarks of Siemens AG or its subsidiaries and affiliates. All other company, brand, product and service names are trademarks or registered trademarks of their respective holders.
This release contains forward-looking statements based on beliefs of Siemens management. The words "anticipate," "believe," "estimate," "forecast," "expect," "intend," "plan," "should," and "project" are used to identify forward-looking statements. Such statements reflect the company's current views with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results to be materially different, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Actual results may vary materially from those projected here. Siemens does not intend or assume any obligation to update these forward-looking statements.
Photo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
Siemens Communications, Inc.
CONTACT: Jacob Rice, +1-561-923-8347, jacob.rice@siemens.com, or Amy Martin, +1-408-492-2785, amy.martin@siemens.com, both of Siemens Communications, Inc.
Web site: http://www.communications.usa.siemens.com/
SmartCard Marketing Systems Inc. (Pink Sheets: SMKG) Corporate Update on Filings and Business Update
SAN ANTONIO, April 21 /PRNewswire-FirstCall/ -- As Stated by SmartCard Marketing Systems Inc. (Pink Sheets: SMKG) "Management is pleased to announce that we will be filing with Pinksheets.com the 2007 annual filings no later then May 10th 2008. In addition although (Pink Sheets: SMKG) is a non-reporting company we are going to continue to file to modify as a reporting filer with a target time-line of last quarter of 2008. Although all matters are subject to approval we are working to complete all filings in a timely manner.
Additionally management is working with many independent news groups to create a solid presence in the investment community about (Pink Sheets: SMKG) and audio profiles as well as featured articles will be made available in our company newsletter which is available at http://www.gosmartcard.com/ investor signup.
Velocitymoney.com Status
We continue to grow the http://www.velocitymoney.com/ name through marketing venues such as Nascar Nationwide and Sprint series and music artist Derek Miller to reach the masses while touring the Country. We want to bring the financial market a clear message and build upon the "unique and dynamic" offering of Velocitymoney.com.
Management continues to build upon the retail segment of Velocitymoney.com which is proving very successful as installation continues with Kiyss.com in Aboriginal Territories and Group Atrium Travel across Canada giving us a unique footprint in North America.
Velocitymerchant.com Status
As our main merchant service offering for white label/co-brand is growing and our product and services continue to interest many companies in the prepaid card segment, check 21, money remittance and online processing of pin debit we believe our strength is growing our overall structure and ease of integration available through our managed platforms."
We seek safe harbor.
SmartCard Marketing Systems Inc.
CONTACT: Max Barone, CEO, Smart Card Marketing Systems Inc., 1-866-774-2555, maxbarone@gosmartcard.com
Web site: http://www.gosmartcard.com/ http://www.velocitymoney.com/
ACS Signs $69 Million Contract With State of California
DALLAS, April 21 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. today announced it will provide electronic benefit transfer services to the California Health and Human Services Agency under a seven-year, $69 million contract, with an additional three one-year options available.
Electronic benefit transfer (EBT) allows recipients to receive their benefits electronically through the use of a debit card. This increases convenience and security for recipients while reducing costs for taxpayers. California clients use the Golden State Advantage card to receive benefits from food stamp and cash benefit programs.
ACS will provide comprehensive EBT services in support of the state, including transaction processing, data center services, training of state staff, reconciliation and settlement, and reporting. ACS will also support California families who receive food stamps and/or cash aid by providing an automated call center response unit, as well as live customer service support.
"A hallmark of ACS is our ability to improve access to government services through technology," said Lynn Blodgett, ACS president and chief executive officer. "The state's EBT program is one of the largest in the nation and is critical to the well-being of Californians. We'll apply our deep expertise and capabilities to enable these individuals and families to receive the services and benefits they need."
ACS will work closely with the state and the counties to design, develop, and test the system in time for a 2009 implementation.
"We conducted a tough and competitive procurement. ACS came in prepared to compete and playing to win, and it showed," said Carlos Ramos, director of the California Office of Systems Integration. "ACS' proposal will save taxpayers $21.6 million annually and at the same time improve services to benefit recipients. Through the new 24/7 web site, benefit recipients will have greater access to information that's crucial to their daily lives. This is a step forward in helping fulfill Governor Schwarzenegger's vision of improving Californians' access to government services."
EBT services assist about 900,000 California households where members receive benefits from food stamps programs (federal and California Food Assistance Program) and/or cash benefits programs, such as California Work Opportunity and Responsibility to Kids (CalWORKs), Refugee Cash Assistance, General Assistance/General Relief, Cash Assistance Program for Immigrants, and Restaurant Meals Program. Recipients may access benefits by using their Golden State Advantage card at more than 83,000 locations. These include Food and Nutrition Service-authorized retailers, automated teller machines, and retailer locations for cash benefits.
ACS serves more than 2 million benefit recipients in 14 states through EBT contracts. The company currently has more than 2,300 employees in California who provide services to commercial and government clients. These include city, county, and state government, as well as businesses in the transportation, education, and healthcare industries.
ACS, a global FORTUNE 500 company with 62,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." Learn more about ACS on the Internet at http://www.acs-inc.com/.
The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
Affiliated Computer Services, Inc.
CONTACT: Investor Relations, Jon Puckett, Vice President, Investor Relations, +1-214-841-8281, jon.puckett@acs-inc.com, or Media, Andy Wilson, Director, Corporate Communications, +1-214-841-8004, andy.wilson@acs-inc.com, both of Affiliated Computer Services, Inc.
Web site: http://www.acs-inc.com/
Irvine Sensors Pays Off $4 Million of Senior Debt & Interest in Exchange for Convertible Preferred Stock
COSTA MESA, Calif., April 21 /PRNewswire-FirstCall/ -- Irvine Sensors Corporation today announced that it has retired $4 million of senior debt and deferred interest in exchange for the issuance of $4 million of non-voting convertible preferred stock bearing a cumulative 10% annual dividend that is not redeemable by the holders. As such, the newly issued convertible preferred stock is expected to be accounted for as an equity instrument that will contribute to Irvine Sensors' stockholders' equity. The preferred stock is convertible at $30.00 for 100 shares of common stock, an above-market price when the binding letter of intent for the transaction was entered into.
John Carson, Irvine Sensors President and CEO, said "Once again our senior lenders have demonstrated their support in a concrete manner. This debt retirement strengthens our balance sheet at a timely moment."
Irvine Sensors Corporation (http://www.irvine-sensors.com/), headquartered in Costa Mesa, California, is a vision systems company engaged in the development and sale of miniaturized infrared and electro-optical cameras, image processors and stacked chip assemblies, the manufacture and sale of optical systems and equipment for military applications through its Optex subsidiary and research and development related to high density electronics, miniaturized sensors, optical interconnection technology, high speed network security, image processing and low-power analog and mixed-signal integrated circuits for diverse systems applications.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This message may contain forward-looking statements based on our current expectations, estimates and projections about our industry, management's beliefs, and certain assumptions made by us. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "think," "may," "will" and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, the review of our proposed accounting treatment of our convertible stock transaction. Such statements speak only as of the date hereof and are subject to change. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, Further information on Irvine Sensors Corporation, including additional risk factors that may affect our forward looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K and our other SEC filings that are available through the SEC's website (http://www.sec.gov/).
Irvine Sensors Corporation
CONTACT: Investor Relations, Irvine Sensors Corporation, +1-714-444-8718, investorrelations@irvine-sensors.com; or John Baldissera of BPC Financial Marketing, 1-800-368-1217, for Irvine Sensors Corporation
Web site: http://www.irvine-sensors.com/
SoftBrands Utilizes Microsoft Technology Center to Enhance Property Management System Scalability
MINNEAPOLIS, April 21 /PRNewswire-FirstCall/ -- SoftBrands, Inc. , a global supplier of enterprise application software, today announced that it is using insights gained through interaction with the Microsoft Technology Center (MTC) in Irvine, Calif., to enhance the scalability and performance of the SoftBrands Epitome property management system (PMS). SoftBrands began working with the MTC in September 2007 to test its Epitome application. Epitome is built upon the Microsoft .NET Framework and uses Microsoft SQL Server 2005.
"We are moving to more closely align our product development with Microsoft's product strategy -- specifically in the areas of .NET, SQL Server and Windows Server -- to utilize Microsoft's technology advancements, ease of development and development management capabilities. Our interaction with the MTC was the first step in a broader, ongoing relationship with Microsoft," said Saeed Karim, chief technology officer, SoftBrands Hospitality.
SoftBrands was able to use MTC resources to test the scalability of its Epitome PMS by simulating multiple hotels with numerous simultaneous users interacting with the application. These simulations in the MTC lab environment provided opportunities to establish baseline parameters for scalability and performance metrics. Now SoftBrands is working with Microsoft to obtain ongoing architecture guidance, as well as support and access to Microsoft's facilities to benchmark, make improvements and fine-tune the Epitome application.
"Large hotels and properties face hectic, data-intensive environments that can stretch the limits of their technology infrastructures," said Bill Gonzalez, general manager, Worldwide Retail and Hospitality Group, Microsoft Corp. "We're pleased to work with SoftBrands to assist in benchmarking work at the MTC to ensure that its Epitome application scales and performs its best in concert with the Microsoft software platform. SoftBrands is a critical part of our ISV network that serves the hospitality industry today."
"We received excellent guidance from the MTC that is helping us more efficiently and effectively address areas that can benefit from technical and platform changes. Our interactions with the MTC validated our strategy to engage with Microsoft more broadly and deeply so that we can apply the technology more meaningfully. The MTC was the launching point for an ongoing mentoring relationship that's important to our technology alignment with Microsoft," said Karim. Benefits of this relationship include gaining a better understanding of what Microsoft's newest versions of its software platform can do for SoftBrands products, as well as the ability to test the benefits of a variety of advanced techniques, such as various methods to cluster servers to optimize the performance of the application.
"SoftBrands is pleased to be a Gold Certified Microsoft Partner in the hospitality industry," said Steve VanTassel, senior vice president and general manager of SoftBrands' hospitality operations. "We welcome the opportunity to collaborate with Microsoft to more effectively leverage the vast capabilities of the .NET Framework in our products. We are confident that working with Microsoft will provide our customers with faster and more reliable products."
"SoftBrands' move toward more intensive use of Microsoft technology coincides with Microsoft's increased focus on the hospitality industry," said David Gandrud, director of global marketing, SoftBrands Hospitality. "We see the value and importance of utilizing Microsoft technology in our software. By evaluating our product design and then helping us to run our software through a battery of tests in the MTC, Microsoft is providing us access to resources that a company of our size typically would not be able to utilize. The ability to tap into Microsoft's knowledge and resources is a significant advantage for SoftBrands."
SoftBrands is a Microsoft global industry ISV partner with an established commitment to adopting Microsoft technologies.
About SoftBrands Hospitality
SoftBrands Hospitality provides central reservation, property management and business intelligence software that can be centrally managed to support many properties within a hotel chain, as well as less complex offerings that can be installed on site at an independent hotel. SoftBrands distribution service, Karyon, allows hotels to easily manage rates and inventory availability across all four Global Distribution Systems and many other online sources of demand. SoftBrands is committed to the hospitality industry, and is an active member of OpenTravel Alliance, HTNG, HSMAI, HFTP, HEDNA, AH&LA, AAHOA, NBTA & PHMA.
About SoftBrands
SoftBrands, Inc. is a leader in providing software solutions for businesses in the manufacturing and hospitality industries worldwide. The company has established a global infrastructure for distribution, development and support of enterprise software, and has approximately 5,000 customers in more than 100 countries actively using its manufacturing and hospitality products. SoftBrands, which has approximately 800 employees, is headquartered in Minneapolis, Minn., with branch offices in Europe, India, Asia, Australia and Africa. Additional information can be found at http://www.softbrands.com/.
Contact Information:
David Gandrud
Director of Global Marketing
612 851 1518
David.Gandrud@softbrands.com
SoftBrands, Inc.
CONTACT: David Gandrud, Director of Global Marketing of SoftBrands, Inc., +1-612-851-1518, David.Gandrud@softbrands.com
Web site: http://www.softbrands.com/
Autodesk Extends Invitation to Join Webcast of Annual Investor Day
SAN RAFAEL, Calif., April 21 /PRNewswire-FirstCall/ -- Autodesk Inc. today announced that it will broadcast a webcast in conjunction with its upcoming Investor Day on Thursday, April 24, 2008.
WHAT: A webcast of Autodesk, Inc. Investor Day. Autodesk executives
will discuss market factors, corporate strategy, and financial
metrics.
WHEN: Thursday, April 24, 2008 from 8:30am to approximately 1:00pm EDT.
HOW: To listen to the live presentations, please go to
http://www.autodesk.com/investors. This webcast will be archived
for approximately one year on our website.
CONTACT: For more information, please call Autodesk Investor Relations at
415-507-6705
About Autodesk
Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit http://www.autodesk.com/.
Autodesk is a registered trademark of Autodesk, Inc., in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders.
Investors:
Contact: Katie Blanchard, 415-507-6034
Email: katherine.blanchard@autodesk.com
Contact: Dave Gennarelli, 415-507-6033
Email: david.gennarelli@autodesk.com
Press:
Contact: Caroline Kawashima, 415-547-2498
Email: caroline.kawashima@autodesk.com
Autodesk Inc.
CONTACT: investors, Katie Blanchard, +1-415-507-6034, katherine.blanchard@autodesk.com, or Dave Gennarelli, +1-415-507-6033, david.gennarelli@autodesk.com, or press, Caroline Kawashima, +1-415-547-2498, caroline.kawashima@autodesk.com, all of Autodesk Inc.
Web site: http://www.autodesk.com/
Changes in Company's own Shares
ESPOO, Finland, April 21 /PRNewswire-FirstCall/ -- Based on previously announced decision of the Board of Directors to issue shares held by the Company, 2 702 Nokia shares held by the Company are today transferred to Nokia performance share plan participants as settlement under the plan.
http://www.nokia.com/
Nokia Corporation
CONTACT: Media Enquiries: Nokia, Communications, Tel. +358-7180-34900, E-mail: press.office@nokia.com
Going High Tech for Mother's Day: Digital Imaging Top Electronic Gift for Moms; Circuit City Offers Instruction in Stores and Online
RICHMOND, Va., April 21 /PRNewswire-FirstCall/ -- With Mother's Day 2008 fast approaching, a new national survey commissioned by electronics retailer Circuit City confirms mom's place as "family historian" and shows digital imaging products are a popular gift choice among American moms.
More than 4,000 moms nationwide responded to the survey and nearly 38 percent said they would prefer a digital camera, camcorder or digital photo frame if they were to receive an electronics gift for Mother's Day. Flat panel TV was the next most popular gift category (20 percent) followed by computers, GPS Navigation, cell phones and video game systems. Only 16 percent said they did not want an electronics gift for Mother's Day.
Ninety-nine percent of American moms reported that they preserve family memories. Forty-eight percent prefer to use a camera; two percent prefer a camcorder and 49 percent said they use both devices.
Asked to rate the importance of the features they're looking for in a new digital camera
-- 81 percent said better picture resolution (more megapixels) is very
important
-- 63 percent said faster shutter speed is very important
-- 52 percent said longer lens is very important
-- 41 percent said the most important camera feature for them is a slim,
sleek design
Asked specifically about their feelings toward digital photo frames, 34 percent of moms said they want one; 14 percent said they're interested, but worried they might be complicated to use.
Digital Photo Frame Demo Day:
On Sunday, May 4th, from 1:00 p.m. to 4:00 p.m., Circuit City stores nationwide will offer digital photo frame demonstrations. Specially trained staff will be on hand to show consumers how to use and enjoy these increasingly popular displays. Customers who attend the demos also can enter to win a digital photo frame. One winner per store; see store for details.
Online Training for New DSLR Cameras:
Starting May 4th, Circuit City will offer a free firedog(SM) online training session with the purchase of any digital single lens reflex (DSLR) camera. Customers purchasing DSLR cameras also will receive a free copy of "DSLR for Dummies." Limited time offers; see store for details.
The survey was commissioned by Circuit City Stores, Inc. and conducted by independent research firm Decision Analyst, Inc. of Arlington, Texas. The margin of error is plus-or-minus 2%.
About Circuit City Stores, Inc.
Circuit City Stores, Inc. is a leading specialty retailer of consumer electronics and related services. The domestic segment operates through 685 Superstores and 11 other locations in 158 U.S. markets. The international segment operates through approximately 800 retail stores and dealer outlets in Canada. Circuit City also operates Web sites at http://www.circuitcity.com/, http://www.thesource.ca/ and http://www.firedog.com/.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO )
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Circuit City Stores, Inc.
CONTACT: Jackie Foreman of Circuit City Stores, Inc., +1-804-418-8298, jackie_foreman@circuitcity.com
Web site: http://www.circuitcity.com/
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